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
3 hours 59 min from now - Tokyo
5 days 3 hours from now - New York
5 weeks 3 hours from now - New York
training
Wed, 07/12/2016   - London
Wed, 07/12/2016   - London
Mon, 12/12/2016   - New Haven
listingsdirectory
IKONIC Fund Services Ltd.
Tue, 29/11/2016 - 11:28
Backstop Solutions Group
Tue, 08/11/2016 - 17:44
The Gemini Companies
Mon, 17/10/2016 - 11:51
specialreports
other gfm publications