PCCP Acquires 137,359-Square-Foot Warehouse In Tampa From Luke J. Petherbridge For $18.3M
$18,300,000
$133/SF
Building Size
137,359 SF
Asset Type
Warehouse
Closing
Aug 11, 2026
AI
A 9.8-acre warehouse located in eastern Hillsborough County was sold for $18.3 million. The asset encompasses 137,359 square feet and was built in 2008. The property is leased to Iron Mountain and is part of a larger logistics portfolio that includes 15 other properties, securing $723.6 million in financing from JPMorgan Chase.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $18,300,000
- Square Footage: 137,359
- Price Per Square Foot: $133
- Buyer: PCCP
- Seller: Luke J. Petherbridge - Link Logistics
- Date of Transaction: 08/11/2026
- Market: Tampa, FL
The transaction involved PCCP acquiring the property from Link Logistics, represented by Luke J. Petherbridge. This strategic acquisition is tied to a broader logistics portfolio emphasizing the ongoing demand for industrial real estate in the region.
Players
Market Warehouse Market Snapshot
Boundary boundary · Warehouse · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93