B+E lists Tampa Causeway Center property for $13 million

B+E, the first brokerage and technology platform for net lease real estate, announced the listing of the Tampa Causeway Center property located at 2609 Causeway Center Drive, Tampa, FL for $13,660,000.

The property is +/- 92,000 square feet, sits on +/- 8.157 acres and is listed at an initial cap rate of 5.25%.

“This investment features 22 units across nine buildings with a mixed tenant base of local and regional operators that provide investors with a highly diversified income stream with potential upside,” said Tim Hain with B+E.  “The property’s 100% occupancy rate is indicative of strong tenant demand and sound real estate fundamentals.”

The property is centrally located on Tampa’s near east side approximately three miles from the Tampa Port Authority, the largest port in Florida handling over 37 million tons of cargo per year, and two miles from CSX Rail.

“Industrial assets have proven to be a very popular investment vehicle due to multiple factors including e-commerce growth, global trade demand, growing consumer demands, and a need for retailers to optimize their supply chain,” continued Hain.  “The current market environment has made industrial properties strong long-term performing assets with minimal turnover costs relative to other property types.”

For more information, contact Tim Hain at thain@tradenetlease.com or go to www.tradenetlease.com.