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3000 University Center Drive

Allan Swaringen Of JLL Income Property Trust Acquires Medical Office In Tampa For $21M
SOLDMedical Office

Allan Swaringen Of JLL Income Property Trust Acquires Medical Office In Tampa For $21M

3000 University Center Drive

$21,000,000

Building Size

Asset Type

Medical Office

Closing

Dec 16, 2025

AI

3000 University Center Drive is a fully leased medical office located in Tampa, Florida. The property was sold for $21 million and is occupied by a National Cancer Institute-designated cancer center, contributing to the healthcare portfolio of the buyer.

Summary of transaction details:

The transaction strengthens JLL Income Property Trust's healthcare portfolio, which now includes a total investment of $626 million spanning 24 properties. Allan Swaringen represented JLL Income Property Trust in this acquisition.

Players

Allan Swaringen

JLL

Buyer

$934.9M

vol

14 deals

Buyer

Tampa Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93