Dalfen Industrial has sold Building 100 within Midpoint Florida Logistics Center, a 423,000-square-foot industrial facility in Auburndale, Fla. The State of Florida acquired the asset.
The city’s Division of Emergency Management is planning to use the warehouse for the storage and movement of emergency supplies during emergency activation and response.
The Class A building is part of an 896,799-square-foot industrial campus that broke ground in August 2022 and came online in the second quarter of last year.
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The company acquired the almost 74-acre development site in November 2021 for $25.7 million from Mancini Cos., CommercialEdge data shows. Dalfen financed the construction with two notes originated by First Horizon Bank a year later, totaling $61.5 million.
The facility features 36-foot clear heights, 68 dock-high loading doors and four drive-in doors, as well as 83 trailer stalls. Additionally, the warehouse has 33 pit levelers and 386 car parking spots. The other property within the campus is a 474,600-square foot building with 116 dock loading doors and 49 pit levelers.
Located at 660 C. Fred Jones Blvd., the building is within the Tampa – St Petersburg – Clearwater market and provides easy access to Interstate 4. Downtown Auburndale is some 7 miles away, while downtown Tampa is 46 miles southwest and Tampa International Airport is within 51 miles.
Tampa’s industrial sector remains steady
Year-to-date through June, Tampa’s industrial transaction volume stood at $401 million, with assets changing hands at $132 per square foot on average, the latest CommercialEdge industrial report shows. The metro’s vacancy rate that same month clocked in at 7.0 percent, 90 basis point above the national figure.
In January, PCCP LLC sold Tampa Airport Logistics Center, a 297,254-square-foot industrial park in Tampa, Fla. Clarion Partners purchased the two-building asset for $55.6 million.