Market Intel

Sold Today-48,786 SF Warehouse

Date Published: 06/08

A 48,786 square foot warehouse located in Tampa, Florida sold earlier today.  The former printing facility (pictured left) has 8,505 square feet of office space, 63 parking spaces and sits on 4.14 acres of land near Tampa International Airport and Raymond James Stadium. 4411 West Tampa Bay Blvd is 100% air-conditioned, has two dock high loading doors  and one drive in door. The building was constructed of concrete bock in 1985 and has 18 - 20 ft. clear height in the warehouse.  Click here to view the building's information on the property appraiser's website.

John Jenkins, President of Jenkins Property Advisors represented in the seller in the transaction.  It was purchased by a fast growing local company for its corporate headquarters and call center. The asking price was $3,366,000 or $69 per square foot. Full sale comparable details we be posted to the Sale Comparables tab on shortly. Click here to view John's Linkedin profile.

Greater Tampa Bay's industrial market has recovered from the recession.  There are only a few buildings available for sale, Class A space for lease is limited and rental rates are creeping towards their 2006 highs.  Asking rates for newer buildings have risen by $1.00 PSF from a year ago to $5.75 PSF NNN.

The largest Class A space available will be the newly constructed Grand Oaks 75 which will be 168,922 square feet.  The building will have 30 ft. clear height, dock high loading and ESFR fire suppression.  Grand Oaks Brochure V2 2016 (1).pdf

Click here to learn about other recent transactions.

About Space Shifter

Space Shifter is a Digital Marketing Co-Op created by a group of leading brokerage firms, landlords and Economic Development Councils.  This innovative platform harnesses the power of the internet to drive traffic to members' listings enabling them to get more direct leads and fill their vacancies faster.  Membership to this exclusive group is inexpensive and will quickly pay for itself. The consortium uses the fees to maintain the software and for strategic digital advertising to give your listings the broadest exposure possible.  Proceeds are donated to charities and to support industry trade associations.

The Space Shifter online marketplace is populated by the listing agents and is supplemented by our research team.  It now serves all categories of commercial real estate located in Florida. The Space Shifter initiative brings sophisticated marketing capabilities, information resources and community building events that positively impact the industry and the clients it serves.

The foundation of Space Shifter is based on user feedback from hundreds of industry representatives ranging from large brokerage firms and institutional landlords to sole proprietors and single ownership entities. This crucial insight was combined with the technological expertise and usability experience of enterprise software and video game executives from such firms as Disney, EA Sports and Zynga. Constructed on the newest technology and designed from the user’s perspective, the end result is a highly intuitive and relevant marketplace created by the commercial real estate industry for the commercial real estate industry.

Funding to develop the enterprise quality software that powers Space Shifter was provided by a consortium of industry leaders. Proceeds will be used to fund industry charitable initiatives, trade associations and many other nonprofits that positively impact society. Last year we were able to donate over $12,000 to worthy causes.  Our goal for the next 12 months is to raise $25,000.  Not only does our marketplace enable our members to shift their vacancies faster, but we are also Shifting Lives in the communities we serve.