John Burpee President of John Burpee & Associates represent both the buyer and seller of the ProSun International Building at 2442 23rd St N St. Petersburg FL.
The sale of this property was a 3-year culmination of a lease up reposition industrial asset that was taken from a single tenant and converted to a multitenant income producing property.
John Burpee was engaged by the owners to lease vacant space in the property as the property owners reconfigured their business and offshored their operations. Burpee stated, “As space became available our firm leased the space to national and regional tenants as the main tenant relocated and our firm created value by increasing cashflow to the property”.
Once filled, the decision to sell the property was timed perfectly with market condition and increased demand for industrial properties throughout Florida.
Our firm was also retained to manage the asset for new ownership bringing our portfolio of Industrial assets under management to over 1 million sq ft in the Tampa Bay Market.
As a result of multiple offers our firm now has a backlog of buyers searching for multitenant industrial assets throughout Florida. Please contact us immediately if
you have a multitenant industrial property you would like to sell.
For more information, please contact John Burpee 727-828-9498