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
About this deal
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