The Real Deal Miami

Marcus & Millichap brokers Tampa industrial sale

A private investor bought the 70,800-square-foot IMF Business Park near Interstate 275

August 06, 2016 11:00AM

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Steven Dolinsky of Marcus & Millichap

Steven Dolinsky of Marcus & Millichap

Commercial real estate brokerage Marcus & Millichap announced the sale of a 70,800-square-foot industrial property in Tampa called IMF Business Park for an undisclosed price.

Steve Dolinsky, associate, and Luke Elliott, senior vice president investments, both based in the Tampa office of Marcus & Millichap, had the exclusive listing for the property.

Dolinsky and Elliott also secured and represented the buyer. Both the buyer and seller are private investors.

“The buyer’s plans to revitalize IMF Business Park marks another step toward east Tampa’s path to progress,” Dolinsky said in a written statement.

IMF Business Park comprises two multi-tenant industrial buildings in Tampa at 2502 East Wilder Avenue and 5107 North 22 Street. The location is near Interstate 275 and U.S. Highway 41.

The sale included the two buildings and a third parcel that serves as a retention area.

“After casting a wide marketing net, the selected buyer ended up coming from out of the area, but saw the value in the Tampa Bay market,” Elliott said in a written statement.