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9119 Corporate Lake Drive

The Dilweg Cos. Leases 15541 Square Feet To Qualifacts At WestLake Corporate Center In Tampa
LEASEDOffice

The Dilweg Cos. Leases 15541 Square Feet To Qualifacts At WestLake Corporate Center In Tampa

9119 Corporate Lake Drive

Building Size

15,541 SF

Asset Type

Office

Closing

Jul 25, 2024

AI

The property located at 9119 Corporate Lake Drive in Tampa encompasses an office space of 15,541 square feet. The asset is part of the WestLake Corporate Center, which has a total size of 90,531 square feet.

Summary of transaction details:

The transaction was facilitated by JLL, who played a key role in coordinating the lease agreement. This new leasing arrangement enables Qualifacts to establish one of its main offices in the WestLake Corporate Center. Move-in is scheduled for October 2024.

Players

Jim Moler

JLL

Broker

4 deals

Broker

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