East Tampa industrial park sold for $19.8 million
By Ashley Gurbal Kritzer
Tampa Bay Business Journal
Published: Jan 6, 2021

A Boston-based investment group has closed on its second property in East Tampa.

Albany Road Real Estate Partners paid $19.8 million for the 146,229-square-foot, five-building Center Point Business Park, which is an industrial/flex property at 1907-1911 U.S. Highway 301 N. The same group had purchased another six-building flex property a few miles north of Center Point in 2020.

Center Point is home to 21 tenants, including Florida Lottery, 3M, MVP Orthopedic and Daikin Applied Americas Inc. It was 93 percent leased at the time of the sale.

Ryan Vaught, Robyn Hurrell and Oliver de la Croix-Vaubois of Colliers International represented the seller, an affiliate of San Juan Capistrano, California-based Birtcher Anderson & Davis Associates.

“Fortunately, the majority of businesses that make up the tenant base at Center Point are in industries that have been notably resistant to the recent economic hardships,” Hurrell said in a statement.

Vaught said the interest in flex and industrial properties in the Tampa Bay and Central Florida region is at an all-time high — and that won't change anytime soon.

"Capital continues to pour into the region at unprecedented levels,” Vaught said. “Looking forward to 2021, we expect our region’s records to be shattered yet again.”