Stinson LLP Signs 5-Year Lease At Wells Fargo Center In Tampa
100 Ashley Dr S Tampa, Fl 33602, Usa
$32
$32/SF
Building Size
13,629 SF
Asset Type
Office
Closing
Jul 25, 2023
AI
The Feil Organization has leased 13,629 square feet of office space at 100 Ashley Drive South in Tampa's downtown market. The lease agreement was signed with the tenant, Stinson LLP, a national law firm, marking their first location in Florida. The Class-A Wells Fargo Center tower adds a prestigious addition to the building's tenant base.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Address: 100 Ashley Drive South, Tampa
- Market: Tampa
- Tenant: Stinson LLP
- Tenant's Representative: Jack Hoskins - Newmark
- Landlord: The Feil Organization
- Landlord's Representative: Barry Hanerfeld - CBRE
- Asking Rent: $32/ft. (13,629 square feet)
- Lease Terms: 5 years
The Feil Organization, represented by Andrew Wiener, sealed the deal with Stinson LLP, while Jack Hoskins from Newmark acted as the tenant's representative. The lease offers Stinson LLP the opportunity to establish its presence in Florida, enhancing its national reach. It highlights the success and appeal of the Wells Fargo Center as a top-tier business location in downtown Tampa.
Players
Miami Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
495718.75%
Cash-on-Cash
-141677.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93