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

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SOLD
$21,000,000

Florida

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Medical Office
Sold 12/16/2025
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SOLD

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

3000 University Center Drive

See Similar Deals
Medical Office
Sold 12/16/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Medical Office
Transaction Type:Sale

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
Allan Swaringen
13 deals$885.9M volume
BUYER

Details

SOLD
IMAGE: Allan Swaringen DATE: 12/16/2025 ADDRESS: 3000 University Center Drive MARKET: Tampa ASSET TYPE: Medical Office BUYER: Allan Swaringen - JLL Income Property Trust (@JLL) SALE PRICE: $21,000,000 NOTE: JLL Income Property Trust acquired 3000 University Center Drive, a fully leased healthcare facility in Tampa, Florida, for $21 million. The property, occupied by a National Cancer Institute-designated cancer center, strengthens JLL’s healthcare portfolio, which now includes $626 million across 24 properties.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,120,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56