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7000 Adamo Drive

The STRO Companies And KRE Group Acquire Industrial Property From Manna Pro Products For $3.9M
SOLDIndustrial

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

John Dunphy

JLL

Broker

$66.1M

vol

7 deals

Broker
The Stro Companies
The Stro CompaniesBuyer

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