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 www.spaceshifter.com 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.
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10/21 Leased Today-48,000 SF
05/31 45,000 SF Warehouse Sold