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Tampa, FL | Industrial | Closed on RealINSIGHT Marketplace

  • May 02, 2019
  • Marketplace Closings

266,840 SF, 96.3% Occupied, Multi-Tenant Warehouse/Manufacturing Facility Sold For $6,950,000

RealINSIGHT Marketplace is pleased to announce the sale of 500 South Falkenburg Industrial located in Tampa, Florida.

Marketplace teamed with Mission Capital to market this stabilized, 266,840 SF, 96.3% occupied, multi-tenant warehouse/manufacturing facility to a broad range of potential buyers. By designing the marketing campaign to highlight the flexibility of the asset–both the current stabilized multi-tenant occupancy and the ability to convert the property back to its former single-tenant use–the auction drew significant interest from investors with a variety of planned uses.

THIS SALE DEMONSTRATES THE ADVANTAGE THAT REALINSIGHT MARKETPLACE OFFERS SELLERS ON ALL ASSET CLASSES:
The campaign concluded with 11 registered bidders, resulting in a spirited and competitive bidding process that pushed the purchase price to $6,950,000, significantly above the seller’s reserve pricing.

FINAL SALE PRICE: $6,950,000

Learn more about this auction property by visiting the asset page: 500 South Falkenburg Industrial