Drew DeWitt Of East Capital Partners Acquires Industrial Asset In Tampa For 492957 SF
SOLD
+ 3
Florida
See Similar DealsIndustrial492,957 SF
Sold 12/11/2025
SOLD
Drew DeWitt Of East Capital Partners Acquires Industrial Asset In Tampa For 492957 SF
East Adamo Drive
See Similar DealsIndustrial492,957 SF
Sold 12/11/2025
+ 3
Summary
FLORIDA
Asset Type:Industrial
Total Square Footage:492,957 SF
Transaction Type:Sale
The asset involved in this transaction is an industrial property located at 4410-4450 East Adamo Drive & 1212 N 39th Street in Tampa. The total square footage of the property is 492,957. This sale transaction was finalized on December 11, 2025.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: Drew DeWitt - East Capital Partners
- Brokers: Luis Castillo, David Orta Jr. & Cody Brais - JLL
- Financing Team: Melissa Rose, Jovi Rodriguez & Duncan Miller - JLL
The transaction was facilitated by a team of brokers from JLL, specifically Luis Castillo, David Orta Jr., and Cody Brais, who represented the seller. Additionally, the financing for the deal was arranged by Melissa Rose, Jovi Rodriguez, and Duncan Miller, also from JLL, confirming their roles in the overall process of the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$328,632.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$438,497.19
Annual Debt Service$5,261,966.30
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