Robert Ritchie Of American Integrity Insurance Leases 75000 Square Feet Office At 3000 Bayport Drive In Tampa
3000 Bayport Drive
Building Size
75,000 SF
Asset Type
Office
Closing
Mar 18, 2025
About this deal
AI
The property involved in this transaction is located at 3000 Bayport Drive in Tampa. It encompasses an asset type categorized as office space, covering a total of 75,000 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 3000 Bayport Drive
- Market: Tampa
- Tenant: Robert Ritchie - American Integrity Insurance
- Landlord: GEM Realty Capital; Jason Isaacson & Josh Procacci - IP Capital Partners
- Tenant's Representative: Gary Godsey - Stream Realty Partners
- Landlord's Representatives: Barry Hanerfeld - CBRE; K.C. Tenukas - CBRE
This lease transaction involves key individuals such as Robert Ritchie, who represents the tenant, and Jason Isaacson & Josh Procacci, who are associated with the landlord. The transaction highlights the collaborative efforts of both the tenant's and landlord's representatives in facilitating this lease agreement.
On the Map
Office
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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