Tampa Industrial Park Sells for $16M
- Oct 15, 2019
Birtcher Anderson has sold Park 6, a six-building, 184,500-square-foot flex industrial property in Tampa, Fla., to a private investor for $15.8 million. Aegon provided the new owner with a $10.3 million acquisition loan, according to Hillsborough County records. Colliers International Tampa Bay represented the seller and procured financing for the buyer.
Park 6 was formerly part of the 20-building Tri-County Business Park, which Birtcher Anderson purchased for $40.4 million in December 2017. The company divided the asset into two smaller properties to create operational efficiencies and to suit a larger pool of buyers, according to Colliers.
Located on nearly 25 acres at 11902 to 12402 Race Track Road in the Westchase area, the asset is 2 miles north of State Route 580, less than 20 miles northwest of downtown Tampa. The metro’s airport is approximately 10 miles to the southeast.
Built in 1987 and recently renovated, Park 6 consists of both office and light industrial space. The buildings have grade-level and dock-high loading doors and 12- to 14-foot clear heights. The property was 93 percent occupied at the time of sale.
Colliers International Executive Managing Director Ryan Vaught and Director Robyn Hurrell, represented the seller in the deal, while Executive Managing Director Nathan Lynch with the brokerage’s Debt & Equity team secured the acquisition financing.