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

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SOLD
$3,900,000

Florida

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Industrial44,800 SF
Sold 02/25/2025
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Property Image
SOLD

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

7000 Adamo Drive

See Similar Deals
Industrial44,800 SF
Sold 02/25/2025
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$87
Total Square Footage:44,800 SF
Transaction Type:Sale

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
6 deals$66.1M volume
BROKER

Peter Cecora
JLL
5 deals$66.1M volume
BROKER

Olivia Brock
JLL
2 deals$3.9M volume(813) 387-1320
BROKER

The Stro Companies
BUYER

Details

SOLD
IMAGE: Kevin Bramhall, Albert Fitch, Steven Millstein, Peter Cecora, John Dunphy & Olivia Brock DATE: 02/25/2025 ADDRESS: 7000 Adamo Drive MARKET: Tampa, FL ASSET TYPE: Industrial BUYER: The STRO Companies & KRE Group SELLER: Manna Pro Products BROKERS: Peter Cecora, Olivia Brock & John Dunphy - JLL (@JLL) SALE PRICE: $3,900,000 SF: 44,800 ~ PPSF: $87 NOTE FROM BUYER: A partnership between The STRO Companies (“STRO”) and KRE Group has announced the acquisition of a 44,000-square-foot, 4.8 acre industrial property located at 7000 E Adamo Drive in Tampa, Florida. This strategic purchase reinforces the company’s commitment to growth and strengthens its presence in the region. The newly acquired infill industrial facility will undergo significant renovations, providing tenant prospects with a highly functional, low coverage industrial building with excess usable land. The property is strategically positioned with access to I-4, I-75, I-275, the Selman Expressway, and Tampa’s central business district. The transaction was facilitated by Peter Cecora, John Dunphy, and Olivia Brock of JLL, who will also be handling the leasing for the property on behalf of the partnership.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
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