Fund led by MDH Partners buys NFI-leased distribution center

BUYER: MDH Tampa 62nd Street LLC (president: Michael Pelt), Atlanta
SELLER: ABK Real Estate LLC
PROPERTY: 1920 N. 62nd St., Tampa
PRICE: $8.01 million
PREVIOUS PRICE: $1.43 million, November 1989
LAW FIRM ON DEED: Holland & Knight LLP, Orlando

PLANS, DESCRIPTION:
An investment fund managed by Atlanta-based MDH Partners LLC purchased a 193,966-square-foot warehouse/distribution building for $8.01 million.

The price equated to $41 per square foot. That figure is less than the two-year average price per square foot for industrial space ($104) in the Tampa Bay area, according to the CoStar Group.