Insight Global Leases 20,000 SF Office Space In Midtown Tampa
3659 Midtown Drive
Building Size
20,000 SF
Asset Type
Office
Closing
Oct 23, 2023
About this deal
AI
The staffing agency, Insight Global, is set to relocate to Midtown Tampa, leasing 20,000 square feet in the Midtown East office tower. This move signifies the company's expansion and adoption of a live-work-play lifestyle within the vibrant Midtown Tampa development.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 3659 Midtown Drive
- Market: Tampa
- Asset Type: Office
- SF: 20,000
The landlord, Bromley Cos., and Highwoods Properties Inc represented by Dan Woodward, will be entering into this lease agreement with Insight Global. Serving as the landlord's representatives are Brad Heeter and Lauren Coup from Highwoods, while Joanne LeBlanc, Jodi Selvey, and Meredith Selvey from Colliers will be acting as the tenant's representatives.
On the Map
Office
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Players
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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