New Wave Energy Leases 4,160 SF Office Space In Ybor City's Casa Gomez
1205 East 8th Avenue Tampa, FL 33605, USA
Building Size
4,160 SF
Asset Type
Office
Closing
Aug 14, 2023
AI
New York's New Wave Energy has leased 4,160 square feet of office space in Ybor City's Casa Gomez building, marking their first location in Florida. The property is located at 1205 East 8th Avenue in the thriving market of Ybor City, Tampa. The building, owned by Casa Ybor and Darryl Shaw, offers a total of 4,160 square feet of office space.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not mentioned
- Address: 1205 East 8th Avenue, Ybor City, Tampa
- Market: Ybor City, Tampa
- Tenant: New Wave Energy
- Landlord: Casa Ybor - Darryl Shaw
New Wave Energy's leasing deal was represented by their broker representative, Tom Mastrodonato of Mihara & Associates. On the other hand, the landlord, Casa Ybor, was represented by Jim Moler and Lisa Coulter from JLL. The move to expand into Ybor City aligns with New Wave Energy's strategy to enter the deregulated energy markets in the United States.
Players
Tampa 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93