Updated Dec 21, 2023
Joseph E. Teichman Acquires Manufacturing/Processing Facility In Tampa, FL For $8.3M
8419 Sunstate Street, Tampa, Florida 33634, United States
$8,256,700
$177/SF
Building Size
46,582 SF
Asset Type
Industrial
Closing
Jul 28, 2022
About this deal
AI
The manufacturing/processing property located at 8419 Sunstate St in Tampa, FL was recently sold in a closed transaction. The property spans 46,582 square feet and was sold for a price of $8,256,700, resulting in a price per square foot of $177.
Summary of transaction details:
- Property Type: Manufacturing/Processing
- Transaction Amount: $8,256,700
- Square Footage: 46,582
- Address: 8419 Sunstate St, Tampa, FL
- Price per Square Foot: $177
The buyer of the property is Joseph E. Teichman, while the sellers are Kevin Collins and Donald Biedrzycki Jr.
On the Map
$8,256,700
$177/SF
Industrial
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Players
Tampa Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93