Commercial Real Estate, Capital, Insurance, Leasing & Management

Franklin Street Arranges Industrial Facility Sale in East Tampa for $4.7 Million

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Chris Butler, managing director, negotiated the sale of the former Hav-A-Tampa cigar company property.

Franklin Street negotiated the sale of the former Hav-A-Tampa cigar company property located in East Tampa for $4.7 million.  The 123,044-square-foot industrial building was purchased by Florida-based Milani Property, LLC. Chris Butler of Franklin Street represented the seller, Bisk Education, Inc., in the transaction.

“Tampa has a lack of quality industrial space available, and as a result we received robust interest from users, investors and developers,” said Butler, Managing Director of Office and Industrial at Franklin Street.  “Franklin Street was able to find a buyer and close the transaction just six months after listing the property.” 

Built in 1981, the property is located at 3901 Riga Boulevard just off US Highway 301 in Sabal Park. The property sits on 7.6 acres at the corner of Princess Palm Avenue and Riga Boulevard.

About Franklin Street: Celebrating more than 10 years in the business, Franklin Street is a family of full-service commercial real estate companies focused on delivering value-add solutions to meet the evolving needs of clients. Through a collaborative philosophy of leveraging the resources, expertise and experience of each of its divisions – Real Estate, Capital, Insurance, Property Management and Project Management – Franklin Street offers unmatched value and optimal solutions for clients nationwide. Learn more about Franklin Street at FranklinSt.com. 

 
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