{"id":1004332034,"date":"2019-06-20T08:46:09","date_gmt":"2019-06-20T16:46:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004332034"},"modified":"2021-05-15T04:49:03","modified_gmt":"2021-05-15T12:49:03","slug":"tampa-industrial-facility-sells-for-26m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tampa-industrial-facility-sells-for-26m\/","title":{"rendered":"Tampa Industrial Facility Sells for $26M"},"content":{"rendered":"<div id=\"attachment_1004332040\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/8800-Adamo-Drive-e1561038911543.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004332040\" data-attachment-id=\"1004332040\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tampa-industrial-facility-sells-for-26m\/8800-adamo-drive\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/8800-Adamo-Drive-e1561038911543.png\" data-orig-size=\"933,699\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"8800 Adamo Drive\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;8800 Adamo Drive&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/8800-Adamo-Drive-e1561038911543.png?w=933\" loading=\"lazy\" class=\"wp-image-1004332040 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/8800-Adamo-Drive-e1561038911543.png\" alt=\"8800 E. Adamo Drive\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/8800-Adamo-Drive-e1561038911543.png 933w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/8800-Adamo-Drive-e1561038911543.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/8800-Adamo-Drive-e1561038911543.png?resize=768,575 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004332040\" class=\"wp-caption-text\">8800 E. Adamo Drive. <em>Image courtesy of&nbsp;ASB Real Estate Investments<\/em><\/p><\/div>\n<p>TriGate Capital has sold a 368,664-square-foot warehouse in Tampa\u2019s East Side submarket. ASB Real Estate Investments purchased the asset for $26.3 million on behalf of its Allegiance Fund, a $7.5 billion core vehicle. According to Hillsborough County public records, the property last traded in 2018, when it commanded $20.3 million.<\/p>\n<p>Located at 8800 E. Adamo Drive, right off Route 60, the industrial facility is close to interstates 4 and 75. Port Tampa is roughly 7 miles west of the property and Tampa International Airport is further west, within a 25-minute drive.<\/p>\n<p>Built in 1972 on a 20-acre site, the warehouse has both distribution and office space. Features include 22-foot clear heights, 34 dock high doors, nine drive-ins, 312-foot building depth, rear-load capabilities, 125- to 140-foot truck courts and 420 parking spaces. The facility is fully leased to five tenants, including Amazon, HWC Wire and Gopher Resource.<\/p>\n<p>Since the beginning of 2018, ASB has acquired approximately 3.5 million square feet of space in leading industrial markets, including Northern New Jersey, Miami, San Francisco, Houston and Philadelphia. In May, the company <a href=\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-industrial-portfolio-trades-for-38m\/\">purchased a 408,000-square-foot industrial portfolio<\/a> near Pittsburgh for $38 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ASB Real Estate Investments purchased the 368,664-square-foot warehouse on behalf of its Allegiance Fund. The property is fully leased, with a tenant roster including Amazon.<\/p>\n","protected":false},"author":870,"featured_media":1004332040,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,1612],"tags":[33643,35038],"class_list":["post-1004332034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-tampa","tag-asb-real-estate-investments","tag-trigate-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tampa Industrial Facility Sells for $26M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/tampa-industrial-facility-sells-for-26m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tampa Industrial Facility Sells for $26M\" \/>\n<meta property=\"og:description\" content=\"ASB Real Estate Investments purchased the 368,664-square-foot warehouse on behalf of its Allegiance Fund. 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