TAMPA, FL-Sandifer Partnership has sold a 175,920-square-foot warehouse to TCG I Tampa, an affiliate of Trident Capital Group, for $7.5 million. TCG got a $50,000 credit for deferred maintenance issues.
The final purchase price was only $100,000 off the first contract to purchase the property. The sale price equates to an 8.3% cap rate.
Marc Goldberg of NAI Rauch Weaver Norfleet Kurtz & Co. represented the seller. TCG was not represented by a buyer in its first industrial purchase in the state. Goldberg tells GlobeSt.com that Cott Beverages occupies the warehouse.
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