Drew DeWitt Of East Capital Partners Acquires Industrial Asset In Tampa For 492957 SF
East Adamo Drive
Building Size
492,957 SF
Asset Type
Industrial
Closing
Dec 10, 2025
AI
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.
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93