
Cushman & Wakefield Arranges Sale and Acquisition Financing of Industrial Property in Thriving Tampa Airport Submarket
Real estate services firm Cushman & Wakefield has arranged the sale of 4908 Tampa West, a 214,806-square-foot industrial property in Tampa’s Airport submarket. The final sale price was $22.95 million, equating to $107 per square foot.
Cushman & Wakefield’s Rick Brugge, Mike Davis, Rick Colon and Dominic Montazemi, with support from Chloe Strada, represented seller Robert Curran from Tryumph, LLC in the transaction. Jason Hochman and Ron Granite of Cushman & Wakefield secured $15.1 million in acquisition financing through a national insurance company on behalf of buyer IP Capital Partners.
In the future, 4908 Tampa West will be one of only five buildings in the submarket with more than 30-foot clear heights. There is also opportunity to add a second building of approximately 100,000 square feet on excess paved land located onsite.
The property is in proximity to Tampa International Airport and is easily accessible to Interstate 275 and Interstate 4.