Updated Dec 4, 2024
Basis Industrial Acquires Industrial Properties In Tampa For $33M
3801 Corporex Park Drive, 3902 Corporex Park Drive & 4801 George Road
$33,000,000
$147/SF
Building Size
224,108 SF
Asset Type
Industrial
Closing
Apr 28, 2023
About this deal
AI
A industrial property in Tampa has been sold for a total price of $33,000,000. The property consists of three addresses: 3801 Corporex Park Drive, 3902 Corporex Park Drive, and 4801 George Road. The total square footage of the property is 224,108, resulting in a price per square foot of $147.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $33,000,000
- Address: 3801 Corporex Park Drive, 3902 Corporex Park Drive & 4801 George Road
- Square Footage: 224,108
- Price per Square Foot: $147
- Market: Tampa
The buyer of the property is Basis Industrial, while the seller is Jerry Block. The transaction was facilitated by Douglas (Doug) Mandel from Marcus & Millichap.
Players
Market 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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93