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:
- Property Type: Medical Office
- Transaction Amount: $21,000,000
- Buyer: Allan Swaringen - JLL Income Property Trust
- Market: Tampa
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
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