Crescent Park, a garden-style flex industrial park in Riverview, FL, has been acquired by the investor John Navratil in a $9.225 million deal. The 82,330 sqf asset is located on Crescent Park Drive in Riverview, FL, just east of Tampa. Built in 2007, the 2 building center is almost 100 percent leased by anchor tenants Cardno Entrix and ReceptRx. Trading for $112 per sqf, the asset was picked up from Miami-based Adler Group. Marcus & Millichap represented both the buyer and seller during the transaction. “Crescent Park provides Mr. Navratil with two fully-stabilized, newly-constructed flex buildings with long-term credit tenancy and a strong return on his investment,” commented Douglas K Mandel, senior director Marcus & Millichap.
