Cushman & Wakefield Arranges Sale of Refresco Beverages Property in Tampa
By Post
Tampa Bay Newswire
Published: Feb 14, 2022

Cushman & Wakefield announced today that the commercial real estate services firm has arranged the sale of Refresco Beverages, an industrial property located in Tampa, for $39.25 million.

Cushman & Wakefield’s Rick Brugge, Mike Davis, Rick Colon and Dominic Montazemi, with support from Brooke Tulley and Zach Eicholtz, represented the seller, RealOp Investments, in the transaction. The property was acquired by EQT Exeter.

“This offering enabled the buyer to invest in a high-quality, infill industrial building with good tenancy. The property is in an irreplaceable location, offering the opportunity to leverage Tampa’s booming economy to achieve long-term growth,” said Brugge, Executive Managing Director at Cushman & Wakefield.

Located at 5210 S 16th Ave., the Refresco Beverages property totals 364,084 square feet and is fully leased by Refresco Beverages. Key features include 27-foot clear heights, front load docking bays, 50 trailer parking spaces and approximately 9.59 acres of industrial land that can be used for potential expansion or additional development. Tampa’s major transportation arteries along with Highway U.S. 41, Selmon Expressway and Interstate 14 are also easily accessible from the property.