JLL Leases 20,000 SF Tampa Office From Highwoods At Truist Place Tower
401 East Jackson Street
Building Size
20,000 SF
Asset Type
Office
Closing
Apr 2, 2024
About this deal
AI
The office leased in this transaction is located at 401 East Jackson Street in Tampa, spanning 20,000 square feet at the Truist Place tower.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 401 East Jackson Street
- Market: Tampa
LaShawn Bates from JLL acts as the tenant, while Ted Klinck from Highwoods Properties represents the landlord in this 10-year lease deal. Brent Miller, Jeff Heller, and Lauren Coup from JLL served as the brokers facilitating the transaction.
Players
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