Bottles

Gramercy Property Trust acquires USD9.5m Tampa industrial facility

Gramercy Property Trust has closed the acquisition of an approximately 176,000-square-foot production and warehouse bottling facility located in Tampa, Florida.

The building is 100 per cent leased through January 2020 to a beverage producer.
 
Year one net operating income is approximately USD748,000 (7.9 per cent initial cap rate; 8.2 per cent annualised straight-line cap rate) with annual rent escalations throughout the lease term.
 
The facility was acquired all-cash for a purchase price of approximately USD9.5 million.

Further reading



Upcoming events

23 hours 59 min from now - Zurich
23 hours 59 min from now - Monte Carlo
23 hours 59 min from now - Geneva
6 days 59 min from now - Kuala Lumpur

Upcoming training

Mon, 10/11/2014 (All day) - London
Mon, 10/11/2014 (All day) - London
Thu, 13/11/2014 (All day) - London