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1228 East 7th Avenue Tampa,...

McIntyre Thanasides Bringgold Elliott Grimaldi Guito & Matthews, P.A Leases 13,700 SF Office Space In Tampa Bay
LEASEDOffice

McIntyre Thanasides Bringgold Elliott Grimaldi Guito & Matthews, P.A Leases 13,700 SF Office Space In Tampa Bay

1228 East 7th Avenue Tampa, Florida 33605, USA

Building Size

13,700 SF

Asset Type

Office

Closing

May 15, 2023

AI

Casa Carbonell, a four-story office building located at 1228 East 7th Avenue in Tampa's historic Ybor City, has recently leased 13,700 square feet of space. The lease transaction involved the law firm McIntyre Thanasides Bringgold Elliott Grimaldi Guito & Matthews, P.A, bringing the building to full occupancy by Fall 2023.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Square Footage: 13,700
  • Address: 1228 East 7th Avenue
  • Market: Tampa

The lease deal was facilitated by JLL's brokerage team, with representation from both the building's ownership, Darryl Shaw's Casa Ybor, and the tenant's representatives from The Mahr Company. The transaction is expected to bring full occupancy to Casa Carbonell and further enhance the vibrant office space market in Ybor City.

Players

Jim Moler

JLL

Broker

4 deals

Broker
Amy Cox

Amy Cox

Broker

1 deal

Broker

Darryl Shaw

Casa Ybor

Landlord

$28.5M

vol

3 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93