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Nov, 3

Q3 Market Report: Recent Significant Industrial Sales in Central Florida

industrial sales central florida 13 bounat

Tampa Florida Industrial Real Estate Sales Q3 2021

We’ve compiled a comprehensive list of the top significant industrial real estate sales completed in Tampa, Florida during Q3 2021. 

Investment activity in Tampa has bounced back strongly since late 2020 and annual volume is over $1.4 billion for the first time on record. After no deals over $15 million in the first  quarter, there were seven transactions exceeding this threshold in the second quarter, led by trades of the Tampa Fulfillment Center for $32.65 million, an Amazon distribution center in Clearwater for $23 million, and the $15.8 million portfolio sale of First Park at Brandon. The third quarter also saw a number of deals exceed $15 million, including the sale of the former Tampa BayTimes printing plant for $21 million.

The improving sales volume appears to have recaptured a late-year surge in 2020 which included the strongest annual sales volume on record. The strong finish also pushed Tampa’s annual sales volume over $500 million for a record sixth consecutive year.

Investor demand has been high for the past five years, averaging roughly $700 million annually.

You can view our commercial properties in Florida to see what real estate assets are available for lease/sale.

industrial sales tampa florida

Top 10 Industrial Real Estate Sales in Tampa Q3

2700 Lakepointe Pky • Asturia Corporate Center 

Asturia Corporate Center • Pasco County Submarket • Odessa, FL 33556

Buyer: Asturia Owner Lp (USA)

Seller: Hp Asturia Llc (USA)

Sale Type: Investment

Sale Date: Oct 2021

Sale Price: $52.4M ($408/SF)

Leased: 100%

Hold Period: 9 Months

RBA: 128,400 SF

Year Built: 2021

 

3775 Fancy Farms Rd • County Line Distribution Center

E Hillsborough/Plant Submarket • Plant City, FL 33566

Buyer: Lexington Realty Trust (USA)

Seller: Red Rock Developments (USA) +1

Broker: Colliers International Tampa Bay Florida

Sale Type: Investment

Sale Cond: Building in Shell Condition

Sale Date: Jun 2021

Sale Price: $48.5M ($95/SF)

Leased: 0%

Hold Period: 17 Months

RBA: 510,484 SF

Year Built: 2020

 

1003 N Taylor Rd • I-4 Logistics Center 

E Hillsborough/Plant Submarket • Seffner, FL 33584

Buyer: AEW Capital Management (USA)

Seller: Dalfen Industrial (USA)

Broker: Cushman & Wakefield

Sale Type: Investment

Sale Date: Oct 2020

Sale Price: $47.9M ($113/SF)

Leased: 100%

Hold Period: 14 Months

RBA: 424,550 SF

Year Built: 2019

 

2727 Henderson Way • Lakeside Logistics Phase 1 

Lakeside Logistics Park • E Hillsborough/Plant Submarket • Plant City, FL 33563

Buyer: CBRE Global Investors Ltd (USA)

Seller: Ascentris, LLC (USA) +1

Broker: Cushman & Wakefield

Sale Type: Investment

Sale Date: Jun 2021

Sale Price: $43.8M ($87/SF)

Leased: 0%

Hold Period: 17 Months

RBA: 505,160 SF

Year Built: 2020

 

6708 Harney Rd • Seaboard Tampa Terminals

East Side Submarket • Tampa, FL 33610

Buyer: HighBrook Investors (USA)

Seller: Seaboard Warehouse Ter… (USA)

Broker: The Katsikos Group, Inc.

Sale Type: Investment

Sale Cond: Bulk/Portfolio Sale

Sale Date: Aug 2021

Sale Price: $37.3M ($84/SF)

Leased: 100%

Hold Period: 20+ Years

RBA: 442,440 SF

Year Built: 1987

 

101 S 34th St • Tampa Fulfillment Center

Downtown Tampa Submarket • Tampa, FL 33605

Buyer: Kohlberg Kravis Roberts (USA)

Seller: Keating Resources (USA)

Broker: Cushman & Wakefield

Sale Type: Investment

Sale Date: Apr 2021

Sale Price: $32.7M ($183/SF)

Leased: 100%

Hold Period: 15 Months

RBA: 178,387 SF

Year Built: 2020

 

4902 W Waters Ave

Westshore/Airport Submarket • Tampa, FL 33634

Buyer: Xebec Realty Partners (USA)

Broker: Cushman & Wakefield

Seller: Perry Ellis International, Inc. (USA)

Broker: Millennium Realty Group, LLC

Sale Type: Investment

Sale Date: Jul 2021

Sale Price: $32M ($105/SF)

Leased: 100%

Hold Period: 20+ Years

RBA: 305,249 SF

Year Built: 1973

 

11316 46th St N • Fowler Distribution Center

Tampa Industrial Park • East Side Submarket • Tampa, FL 33617

Buyer: Alliance Partners HSP, LLC (USA)

Seller: The Federated Companies (USA)

Sale Type: Investment

Sale Date: Aug 2021

Sale Price: $32M ($84/SF)

Leased :100%

Hold Period: 36 Months

RBA: 379,880 SF

Year Built: 1960

 

4130 W Gandy Blvd • Macy’s

SW Hillsborough Submarket • Tampa, FL 33611

Buyer: LBA Realty (USA)

Seller: Macy’s Inc (USA)

Broker: Cushman & Wakefield

Sale Type: Investment

Sale Cond: Sale Leaseback

Sale Date: Dec 2020

Sale Price: $32M ($50/SF)

Leased: 100%

Hold Period: 20+ Years

RBA: 645,841 SF

Year Built: 1967

 

11775 Starkey Rd • Smith & Nephew Facility

South Pinellas Submarket • Largo, FL 33773

Buyer: Formulated Real Estate Llc (USA)

Seller: Paradigm Inv Props Llc (USA)

Sale Type: Investment

Sale Date: Sep 2021

Sale Price: $30.7M ($245/SF)

Leased: 100%

Hold Period: 135 Months

RBA: 125,000 SF

Year Built: 1991

 

Take a look at our featured commercial real estate properties in Central Florida here, or contact the Bounat team to start your own search.