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
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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93