Cushman & Wakefield Arranges Sale of Class A Last-Mile Delivery Facility in Tampa
By Post
Tampa Bay Newswire
Published: Mar 28, 2022

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of a newly constructed, Class A last-mile delivery facility located within the Tampa Regional Industrial Park.

Cushman & Wakefield’s Mike Davis, Rick Brugge, Rick Colon and Dominic Montazemi with support from Zachary Eicholtz and Kayla Hankins, represented the seller in the transaction. The facility was acquired by AGS Properties.

“As has been the case with similar offerings, investor interest was robust for this property,” said Mike Davis, Vice Chairman at Cushman & Wakefield. “The popularity of this offering along with South East Tampa’s logistics advantage positions the property now and well into the future.”

Built in 2022, the facility totals 112,000 square feet (sf) and is situated at 13010 Bay Industrial Dr. in the premier Eastside submarket. The facility was fully leased at the time of sale to an e-commerce company.

Amenities include LED lighting, 32-foot minimum clear heights, a 9.0 per 1,000-sf parking ratio and convenient access to Interstate 75, U.S. Highway 41, and the Port of Tampa. The facility also offers future development capabilities through a 44,000-sf expansion of the existing facility and construction of an additional 198,000-sf facility.