Fred Arena Of Vision Properties Leases 321999-SF Office To Damian Ornani Of Fisher Investments
8733 Henderson Road
Building Size
321,999 SF
Asset Type
Office
Closing
Mar 3, 2025
AI
The property involved in this lease transaction is a 321,999-square-foot office space located at 8733 Henderson Road in Tampa. This asset is part of the Renaissance Center, a larger office campus that is now almost fully leased, with an occupancy rate of 98%. The landlord, Vision Properties, has undertaken modernization efforts to enhance the attractiveness of the complex.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 8733 Henderson Road
- Market: Tampa
- Landlord: Fred Arena - Vision Properties
- Tenant: Damian Ornani - Fisher Investments
- Square Footage: 321,999 SF
Fisher Investments is relocating to the new office space as part of its expansion strategy. Fred Arena, representing Vision Properties, plays a crucial role in managing the leasing process while the company is also focused on future developments, including marketing a new 200,000-square-foot building to attract further tenants.
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