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ASB Acquires Industrial Complex in Tampa for $26.3M
ASB Real Estate Investment acquired a 368,664-square-foot industrial complex in Tampa’s East Side submarket for $26.3 million. The seller was TriGate Capital. Located at 8800 East Adamo Dr., the property is currently fully-leased to five tenants, including Amazon, HWC Wire, and Gopher Resource.
Situated on 20 acres, the property features distribution and office space with 22-foot clear heights, 34 dock high doors, nine drive-ins, 312-foot building depth, rear-load capabilities, a wet-pipe sprinkler system and 420 parking spaces.
“This acquisition fits ASB’s strategy to solidify our industrial portfolio with well-leased cash-flowing assets in dynamic, growing industrial submarkets across the U.S.,” said Nicholas Franzetti, senior vice president at ASB. “The East Side is experiencing strong tenant demand from last mile logistics companies, driving down vacancy and increasing rents, while at the same time drawing a high level of institutional investment interest.”
For comments, questions or concerns, please contact David Cohen
- ◦Sale/Acquisition
