Cambridge Investment Co. buys Tampa's Cross Creek Storage

BUYER: Cross Creek Self Storage LLC, (Cambridge Investment Co. LLC) Columbia, Md.
SELLER: Cross Creek Mini Storage LLC
PROPERTY: 18191 E. Meadows Road, Tampa
PRICE: $4.8 million
PREVIOUS PRICE: $545,000, March 2000
LAW FIRM ON DEED: Ronald E. Perez PA, Tampa

PLANS, DESCRIPTION: Columbia, Md.-based Cambridge Investment Co. LLC purchased the 69,984-square-foot Cross Creek Storage for $4.8 million.

The price equated to $69 per total square foot or $84 per net rentable square foot. That figure is higher than the two-year average price per square foot for industrial space ($46) in the Tampa Bay area, according to the CoStar Group.