×

Tampa, FL | Industrial | Closed on RealINSIGHT Marketplace

  • May 02, 2019
  • Marketplace Closings

266,840 SF, 96.3% Occupied, Multi-Tenant Warehouse/Manufacturing Facility Sold For $6,950,000

RealINSIGHT Marketplace is pleased to announce the sale of 500 South Falkenburg Industrial located in Tampa, Florida.

The fastest growing online CRE auction platform, Marketplace teamed with Mission Capital to market this stabilized, 266,840 SF, 96.3% occupied, multi-tenant warehouse/manufacturing facility to a broad range of potential buyers. By designing the marketing campaign to highlight the flexibility of the asset–both the current stabilized multi-tenant occupancy and the ability to convert the property back to its former single-tenant use–the auction drew significant interest from investors with a variety of planned uses.

THIS SALE DEMONSTRATES THE ADVANTAGE THAT REALINSIGHT MARKETPLACE OFFERS SELLERS ON ALL ASSET CLASSES:
The campaign concluded with 11 registered bidders, resulting in a spirited and competitive bidding process that pushed the purchase price to $6,950,000, significantly above the seller’s reserve pricing.

FINAL SALE PRICE: $6,950,000

Learn more about this auction property by visiting the asset page: 500 South Falkenburg Industrial