Florida & Gulf Coast + Industrial | March 2, 2021

Tampa Flex Portfolio Trades for $17M

Birtcher Anderson & Davis, as part of a joint venture with Belay Investment Group, has acquired the Sunstate Business Park, an eight-building flex portfolio in Tampa for $17.1 million.

The portfolio totals 180,323 square feet and is located at the intersection of W Waters Avenue and Sunstate Street in Tampa. The portfolio is approximately two miles from the Tampa International Airport. The addresses for the eight buildings in the portfolio are 4893, 4895, 4897, 4899 and 4901 W Waters Ave. and 8403, 8412-8434 Sunstate St. At the time of the sale, the Sunstate Business Park portfolio was 91.1% leased. Among the 26 tenants are Freedom Scientific Inc., Cooper Speed, Calta’s Fitness Center and American Technologies Group.

Ryan Vaught, Robyn Hurrell and Nathan Lynch of Colliers International represented the seller, Citimark, in the transaction. The buyer was self represented.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.