“This was a great opportunity to capitalize on increasing demand in the market and is part of a larger corporate strategy to invest in well-located, logistics related real estate assets in Florida and throughout the U.S.,” said DSP Principal Michael Schack.

Strategically located near I-4, I-75, I-275 and Tampa International Airport, the 17,897-square-foot truck terminal/warehouse sits on 5.1 acres and features 41 dock doors. There is also a standalone two bay maintenance garage. The property provides abundant parking with approximately 164 trailer stalls, parking for 26 cards, and is fully fenced and lit. It is 100% leased to ABF Freight.

Added Schack, “Strong market fundamentals and continued population growth make Tampa one of DSP’s target markets for additional investment.”

Despite the pandemic, DSP continues to grow its business and recently expanded its portfolio with the groundbreaking of DSP Rock Hill, a 180,000-square-foot speculative distribution center at Atlanta’s Hartsfield International Airport, the acquisition of a 60 dock truck terminal at 6501 Harney Rd. in Tampa and the acquisition of a 61 dock truck terminal in Hollywood Florida at 3811 Pembroke Rd.

Will McFarlin with Burr & Temkin represented the Seller in the transaction.