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:
- Property Type: Office
- Transaction Amount: Not Disclosed
- Market: Tampa
- Tenant: The Dilweg Cos.
- Brokers: Brad Knop, Caleb Lewis, Deana Beer, Hans Kaunath & Jim Moler - JLL
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
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