Sign up for free newsletter

 

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.

events
12 hours 59 min from now - Dubai
12 hours 59 min from now - New York
2 days 12 hours from now - London
1 week 1 day from now - Luxembourg
listingsdirectory
RFA (Richard Fleischman & Associates)
Tue, 05/04/2016 - 14:25
Calastone
Mon, 29/02/2016 - 15:20
BRT SA
Mon, 12/10/2015 - 14:59
training
Mon, 16/05/2016   - London
specialreports
other gfm publications