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Generation Income Properties Announces Expansion of Portfolio with Tampa, FL


Generation Income Properties Announces Expansion of Portfolio with Tampa, FL - Area Acquisition
ACCESSWIRE
29 Apr 2021, 04:31 GMT+10
TAMPA, FL / ACCESSWIRE / April 28, 2021 / Generation Income Properties, Inc. (OTCQB:GIPR) ( GIP or the Company ) announced the acquisition on April 21, 2021 of an approximately 7,800 SF single-tenant office building in Plant City, Florida, which is part of the greater Tampa Bay metropolitan area, for total consideration of approximately $1.7 million. The building is occupied by Irby Construction Company, a wholly owned subsidiary of Quanta Services Inc., which holds an investment grade credit rating of BBB- from Standard and Poor s.
GIP funded the transaction with approximately $850K of debt from The Bank of Tampa, and approximately $900K from a Joint Venture Partner. The tenant has approximately 3.5 years remaining on the primary lease term of the property, and the seller was represented by John Rotunno from Stan Johnson Company. ....

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Generation Income Properties, Inc.: Generation Income Properties Announces Expansion of Portfolio with Tampa, FL


(1)
TAMPA, FL / ACCESSWIRE / April 28, 2021 / Generation Income Properties, Inc. (OTCQB:GIPR) ( GIP or the Company ) announced the acquisition on April 21, 2021 of an approximately 7,800 SF single-tenant office building in Plant City, Florida, which is part of the greater Tampa Bay metropolitan area, for total consideration of approximately $1.7 million. The building is occupied by Irby Construction Company, a wholly owned subsidiary of Quanta Services Inc., which holds an investment grade credit rating of BBB- from Standard and Poor s.
GIP funded the transaction with approximately $850K of debt from The Bank of Tampa, and approximately $900K from a Joint Venture Partner. The tenant has approximately 3.5 years remaining on the primary lease term of the property, and the seller was represented by John Rotunno from Stan Johnson Company. ....

United States , Plant City , Tampa Bay , David Sobelman , Kostenloser Wertpapierhandel , John Rotunno , Generation Income Properties , Stan Johnson Company , Generation Income Properties Inc , Irby Construction Company , Quanta Services Inc , Joint Venture , Stan Johnson , Investment Grade Credit , Income Properties , Looking Statements , Private Securities Litigation Reform Act , Annual Report , ஒன்றுபட்டது மாநிலங்களில் , ஆலை நகரம் , தம்பா வளைகுடா , ஜெநரேஶந் வருமானம் ப்ராபர்டீஸ் , ஸ்டான் ஜான்சன் நிறுவனம் , ஜெநரேஶந் வருமானம் ப்ராபர்டீஸ் இன்க் , இர்பி கட்டுமானம் நிறுவனம் , குவாண்டா சேவைகள் இன்க் ,