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100 Ashley Dr S Tampa, Fl 3...

Stinson LLP Signs 5-Year Lease At Wells Fargo Center In Tampa
LEASEDOffice

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

Barry Hanerfeld

CBRE

Broker

4 deals

Broker
The Feil Organization
The Feil OrganizationBrokerage
Andrew Wiener

Andrew Wiener

The Feil Organization

Landlord

33 deals

Landlord

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