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150 Kelsey Lane

KCI Technologies Leases 26,000 SF Office Space In Tampa With JLL's Reps
LEASEDOffice

KCI Technologies Leases 26,000 SF Office Space In Tampa With JLL's Reps

150 Kelsey Lane

Building Size

26,000 SF

Asset Type

Office

Closing

May 30, 2024

AI

The property involved in the lease transaction is located at 150 Kelsey Lane in Tampa, spanning 26,000 square feet. The lease was signed on 05/30/2024, with Workspace Property Trust serving as the landlord and KCI Technologies as the tenant.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Landlord: Workspace Property Trust
  • Tenant: KCI Technologies
  • Address: 150 Kelsey Lane, Tampa
  • Market: Tampa
  • Square Footage: 26,000

Facilitated by JLL, KCI Technologies, a design firm, entered into a 26,000-square-foot lease at Silo Bend Office Park in Tampa. This move represents a relocation from the tenant's previous 17,000-square-foot space at Meridian Crescent Center. Caleb Lewis from JLL represented the tenant in the transaction, while Jeff Lanning of Workspace Property Trust acted as the landlord's representative.

Players

Caleb Lewis

JLL

Broker

5 deals

Broker

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