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3000 Bayport Drive

Robert Ritchie Of American Integrity Insurance Leases 75000 Square Feet Office At 3000 Bayport Drive In Tampa
LEASEDOffice

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

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.

Players

Gary Godsey

Stream Realty Partners⁠

Broker

1 deal

Broker
JLL
JLLBrokerage

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