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| Jan Boltres |
TAMPA, FL – Supporting a trend of strengthening of sale
prices in the industrial market, Colliers International Tampa Bay recently
closed a $1.065 million sale of a 25,800-square-foot warehouse, for $41.28 per
square foot.
Colliers International Tampa Bay’s Jan Boltres, CCIM,
represented the seller, Monument Leasing Company. John Anderson of
European Equities represented the buyer, 7902 Anderson Road Crossings, LLC. The
buyer plans to occupy the building after significant renovations are made.
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| John Anderson |
According to Boltres, activity in the industrial market
remained strong from January to June, with activity dropping off in July. Since
then, there has been a strengthening trend in the industrial market, and this
sale closed at a strong price compared to several recent sales for buildings of
similar condition.
“Recently, pricing for this submarket has been a bit
unpredictable,” said Colliers’ Boltres. “There is significant demand, but it’s
being held up due to uncertainty with the economy, resulting in hesitant
buyers.”
The building, located in a prominently industrial area at
7902 Anderson Road in Tampa, was built in 1981.
Contact:
Leah Saunders
(727) 895-5030, x104
(813) 924-0367
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