CIM Group Provides $175M Loan For Office Building At 101 E. Kennedy Blvd In Downtown Tampa
101 East Kennedy Boulevard, Tampa, FL 33602
$175,000,000
$219/SF
Building Size
795,944 SF
Asset Type
Office
Closing
Jan 20, 2022
About this deal
AI
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.
On the Map
$175,000,000
$219/SF
Office
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Players
Tampa Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93