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CIM Group Provides $175M Loan For Office Building At 101 E. Kennedy Blvd In Downtown Tampa

Property Image
FINANCED
$175,000,000

Florida

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Office795,944 SF
Financed 01/20/2022
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Property Image
FINANCED

CIM Group Provides $175M Loan For Office Building At 101 E. Kennedy Blvd In Downtown Tampa

101 East Kennedy Boulevard, Tampa, FL 33602

See Similar Deals
Office795,944 SF
Financed 01/20/2022
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$219
Total Square Footage:795,944 SF
Transaction Type:Loan

The office property located at 101 E. Kennedy Blvd in Downtown Tampa has recently undergone a closed transaction. With a total area of 795,944 square feet, this office space is situated in a prime location in the downtown area.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $175,000,000
  • Market: Downtown Tampa
  • Address: 101 E. Kennedy Blvd
  • Image: Bradley Aaronson
  • Date: 01/20/2022
  • Lender: CIM Group - Bradley Aaronson
  • Landlord: Banyan Street Capital & Oaktree Capital Management, L.P.

The lender in this transaction is CIM Group, represented by Bradley Aaronson. The property's landlords are Banyan Street Capital and Oaktree Capital Management, L.P.

Players

LENDER

CIM Group
LENDER


Details

FINANCED
IMAGE: Bradley Aaronson DATE: 01/20/2022 ADDRESS: 101 E. Kennedy Blvd MARKET: Downtown Tampa ASSET TYPE: Office ~ SF: 795,944 LENDER: CIM Group - Bradley Aaronson LANDLORD: Banyan Street Capital & Oaktree Capital Management, L.P. LOAN AMOUNT: $175,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$175,000,000.00

Monthly NOI$1,166,666.67
Monthly Debt Service$1,106,119.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00