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Basis Industrial Acquires Industrial Properties In Tampa, FL For $33M

Property Image
SOLD
$33,000,000
Anthony Scavo
Dan Weinstein

National

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Industrial224,108 SF
Sold 04/28/2023
the dealplayerscompscontact
Property Image
SOLD

Basis Industrial Acquires Industrial Properties In Tampa, FL For $33M

3801 Corporex Park Drive, Tampa, Fl, 33619; 3902 Corporex Park Drive, Tampa, 33619; 4801 George Road, Tampa, 33634

See Similar Deals
Industrial224,108 SF
Sold 04/28/2023
Anthony Scavo
Dan Weinstein
the dealplayerscompscontact
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Summary

Asset Type:Industrial
Price Per Square Foot:$147
Total Square Footage:224,108 SF
Transaction Type:Sale

The industrial properties located at 3801 Corporex Park Drive, 3902 Corporex Park Drive, and 4801 George Road in Tampa, FL have been sold for a total price of $33,000,000. The combined square footage of the properties 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, and 4801 George Road, Tampa, FL
  • Market: Tampa, FL
  • Buyer: Basis Industrial - Dan Weinstein & Anthony Scavo

The buyer of these industrial properties is Basis Industrial, represented by Dan Weinstein and Anthony Scavo. The successful transaction highlights the strong demand for industrial properties in the Tampa, FL market.

Players

Basis Industrial
Basis Industrial
BROKERAGE
Anthony Scavo
Basis Industrial
Anthony Scavo
44 deals$1.3B volume
BUYER
Dan Weinstein
Basis Industrial
Dan Weinstein
13 deals$231.2M volume
BUYER

Details

SOLD
IMAGE: Dan Weinstein & Anthony Scavo DATE: 04/28/2023 ADDRESS: 3801 Corporex Park Drive, 3902 Corporex Park Drive & 4801 George Road MARKET: Tampa, FL ASSET TYPE: Industrial BUYER: Basis Industrial (@BasisIndustrial) - Dan Weinstein & Anthony Scavo (@AnthonyScavoJr) SALE PRICE: $33,000,000 SF: 224,108 ~ PPSF: $147

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,759,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$117,242.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$156,436.84
Annual Debt Service$1,877,242.03