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1205 East 8th Avenue Tampa,...

New Wave Energy Leases 4,160 SF Office Space In Ybor City's Casa Gomez
LEASEDOffice

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

Jim Moler

JLL

Broker

4 deals

Broker

Darryl Shaw

Casa Ybor

Landlord

$28.5M

vol

3 deals

Landlord

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