The STRO Companies And KRE Group Acquire Industrial Property From Manna Pro Products For $3.9M
7000 Adamo Drive
$3,900,000
$87/SF
Building Size
44,800 SF
Asset Type
Industrial
Closing
Feb 25, 2025
AI
The property asset involved in this transaction is an industrial facility located at 7000 Adamo Drive, Tampa, FL. The sale price of the property was $3,900,000, and it comprises 44,800 square feet of usable space. The asset sits on a 4.8-acre lot, providing significant land area and is well-positioned for access to major highways including I-4, I-75, I-275, and the Selman Expressway, as well as proximity to Tampa’s central business district.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,900,000
- Square Footage: 44,800
- Address: 7000 Adamo Drive
- Market: Tampa, FL
- Buyer: The STRO Companies & KRE Group
- Seller: Manna Pro Products
- Brokers: Peter Cecora, Olivia Brock & John Dunphy - JLL
This partnership between The STRO Companies and KRE Group aims to enhance their growth in the region through this strategic acquisition. The brokers involved in facilitating this transaction, Peter Cecora, John Dunphy, and Olivia Brock from JLL, will also be managing the leasing of the property in line with the partnership's directives.
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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93