Andrew M. Zgutowicz Of High Street Logistics Properties Acquires Industrial Asset In Pinellas Park For $18.4M

The industrial asset sold is located at 9411 Belcher Road in Pinellas Park, Florida. The transaction was completed at a sale price of $18,400,000, which translates to approximately $213.09 per square foot for the 86,350-square-foot building. This newly built structure is situated 18 miles southwest of Tampa International Airport and is fully leased to Monin.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $18,400,000
• Square Footage: 86,350
• Price Per Square Foot: $213.09
• Address: 9411 Belcher Road
• Market: Pinellas Park
• Buyer: Andrew M. Zgutowicz - High Street Logistics Properties
• Seller: CMNY Transitions LLC

The acquisition involved Andrew M. Zgutowicz, representing High Street Logistics Properties, securing the property from CMNY Transitions LLC. The deal underscores the strategic investment in a fully leased industrial asset, emphasizing High Street's focus on expanding their property portfolio in the logistics sector.