facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Office

/

Loan

/

3030 North Rocky Point Driv...

Banesco USA Refinances Office Property In Tampa For $28.6M
FINANCEDOffice

Banesco USA Refinances Office Property In Tampa For $28.6M

3030 North Rocky Point Drive West, Rocky Point, Florida 33607, United States

$28,600,000

$150,526/SF

Building Size

190 SF

Asset Type

Office

Closing

Dec 13, 2022

AI

An office property located at 3030 N Rocky Point Dr W in Tampa has been refinanced. The property spans approximately 190,000 square feet and is owned by Parmenter Realty Partners, represented by Michael Holmes. The loan for this transaction was provided by Banesco USA, with Calixto Garcia-Velez acting as the lender's representative. The loan amount totaled $28,600,000.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $28,600,000
  • Address: 3030 N Rocky Point Dr W
  • Market: Tampa
  • Asset Type: Office
  • Square Footage: 190,000

Calixto Garcia-Velez, representing Banesco USA, facilitated the refinancing loan for the office property owned by Parmenter Realty Partners, led by Michael Holmes.

Players

PP
Parmenter Realty PartnersLandlord

Tampa Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93