Rob Kaplain And Mitch Kaplain Of K2 Real Estate Capital Acquire Industrial Site In East Tampa For $6.5M

The property involved in this transaction is an Industrial Outdoor Storage (IOS) site located at 9879 N US 301 in East Tampa, Florida. This asset consists of an 11,600 square foot shop situated on 5.70 acres. The transaction was closed at a sale price of $6,500,000, equating to a price per square foot of $560.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,500,000
• Square Footage: 11,600
• Price per Square Foot: $560
• Address: 9879 N US 301
• Market: East Tampa
• Buyer: Rob Kaplain & Mitch Kaplain - K2 Real Estate Capital; Bear Development
• Seller: West Point Storage
• Brokers: Devin Beeler & Robbie Lober - Lober Real Estate

K2 Real Estate Capital LLC, in collaboration with Bear Development Holdings LLC, has successfully closed this deal. Before finalizing the transaction, K2-Bear executed a new lease with Opifex-Synergy, resulting in a stabilized asset at acquisition. Special thanks are noted for Jason Lundy of JLL for his advisory role and for facilitating K2-Bear’s new IOS venture.