Tommy Spinosa Of Enverra Real Estate Partners Acquires Tampa Office Building For $40.3M
1 North Dale Mabry Highway
$40,300,000
$155/SF
Building Size
260,000 SF
Asset Type
Office
Closing
Dec 3, 2025
AI
The 1 North Dale Mabry Highway is a 13-story office building located in Tampa. The asset encompasses a total square footage of 260,000 and was sold for a transaction price of $40,300,000, translating to a price per square foot of $155.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $40,300,000
- Buyer: Tommy Spinosa - Enverra Real Estate Partners
- Seller: Jonathan Slager - Bridge Investment Group
- Sale Date: 12/03/2025
- Market: Tampa
- Square Footage: 260,000
- Price Per Square Foot: $155
Tommy Spinosa of Enverra Real Estate Partners represented the buyer in this transaction, while Jonathan Slager of Bridge Investment Group represented the seller. Enverra plans to invest $4 million in upgrades to enhance the property, which will include amenities such as a lounge, coffee bar, and outdoor terrace to improve leasing opportunities.
Tampa Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93