Loading
Hayes buys MLK building
BUYER: Hayes Properties LLC, Nashville
SELLER: Paul Duncan
PROPERTY: 9416 E. Dr. Martin Luther King Jr. Blvd., Tampa
PRICE: $1.21 million
PREVIOUS PRICE: $1.1 million, July 2004
TITLE FIRM ON DEED: Alday-Donalson Title Agencies of America Inc., Tampa
PLANS, DESCRIPTION: Nashville-based Hayes Pipe Supply purchased three buildings, totaling 12,731 square feet, on Dr. Martin Luther King Jr. Boulevard near Clewis Avenue for $1.21 million.
The purchase price equated to $95 per square foot.
The 6.28-acre site features a warehouse building and a pre-fabricated building that were both built in 1972 and a manufactured home built in 1985. Rockdale Pipeline of Conyers, Ga. was the seller.
Hayes Pipe Supply plans to relocate its Tampa office to the property from a leased location it operates at 2005 N. 43rd St., Tampa.
Josh Tarkow in the Industrial and Flex Services Group at Grubb & Ellis|Commercial Florida represented the buyer.
“This was an off-market sale; the seller never listed the property,” Tarkow says. “It's close to the same size as their leased space. It has a lot of excess land for storage.”
Hayes, which is a water- and sewage-pipe distributor, has eight locations throughout the southeastern United States.
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
