214,000-square-foot Tampa industrial building sells for $22.95 million

The fully leased property near Tampa International Airport was bought by a Boca Raton investor with $15.1 million in acquisition financing.

By Louis Llovio
| 6:00 p.m. April 17, 2023
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The property at 4908 Tampa West Blvd. was sold to a Boca Raton investor for nearly $23 million.

Tampa Bay-Lakeland

A 214,806-square-foot industrial building not far from Tampa International Airport has sold for $22.95 million.

The buyer of 4908 Tampa West is the Boca Raton real estate investment firm IP Capital Partners. The property was previously owned by a Miami LLC, which paid $12 million for it in 2019.

According to Cushman & Wakefield, which brokered the sale and helped obtain $15.1 million in acquisition financing for IP Capital, the property has 5 acres of additional land where a second, 100,000-square-foot building could go.