CIM Group Provides $175M Loan For Office Building At 101 E. Kennedy Blvd In Downtown Tampa
FINANCED
$175,000,000
Florida
See Similar DealsOffice795,944 SF
Financed 01/20/2022
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 DealsOffice795,944 SF
Financed 01/20/2022
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
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
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
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