Updated Aug 6, 2026
SOLDIndustrial
Thomas Struthers Purchases Industrial Property From Fady Saba In Tampa For $3.75 Million
4214 West Virginia Avenue
$3,750,000
$89/SF
Building Size
42,000 SF
Asset Type
Industrial
Closing
Jun 8, 2026
About this deal
AI
The industrial asset located at 4214 West Virginia Avenue in Tampa was sold for $3,750,000. The property encompasses a total area of 42,000 square feet, resulting in a price per square foot of $89.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,750,000
- Sale Date: 06/09/2026
- Buyer: Thomas Struthers
- Seller: Fady Saba
- Brokers: Carl Gorman & Felipe Escobar - APEX Capital Realty
Representing the buyer in this transaction, Thomas Struthers collaborated with the brokerage team of Carl Gorman and Felipe Escobar from APEX Capital Realty, facilitating the successful sale process.
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93