Cushman & Wakefield Negotiates Sale of 42,250-SF Industrial Building

TAMPA, FL-– Cushman & Wakefield negotiated the sale of a 42,250 square foot single tenant industrial building in Clearwater, Florida for $3,570,000.

The property is located on Ulmerton Road, in Pinellas County.

Cushman & Wakefield’s Private Client Group – Associate Director, . Rick Brugge (top right photo) was quoted as saying, “High barriers to entry in land and construction costs continue to drive interest in income producing property in Pinellas County. With Pinellas being the most densely populated county in the state, the long term outlook for rent and income growth is strong.”

Executive Director - Mike Davis (top left photo) (Capital Markets), Associate Director - Rick Brugge, CCIM (Private Client Group), and Director - Rian Smith(bottom left photo) (Industrial Brokerage) negotiated the sale on behalf of the seller, Continental Business Development, Inc. The buyer was Cabot Properties, Inc.

Contact: Debbie P’Simer, 813-204-5333. debbie.p’simer@cushwake.com

http://www.cushmanwakefield.com/