Bridge Investment Group Acquires Tampa Office Property For $56.5M
1 N Dale Mabry Hwy, Tampa, FL 33609, Estados Unidos
$56,500,000
$222/SF
Building Size
253,922 SF
Asset Type
Office
Closing
Nov 12, 2020
About this deal
AI
A 253,922 square foot office property located at 1 N. Dale Mabry Highway in Tampa has been sold for $56,500,000. The transaction took place on November 13, 2020. The property was purchased by Bridge Investment Group, represented by Christian Young, while the seller was Angelo Gordon. Eastdil Secured acted as the broker in the deal.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $56,500,000
- Square Footage: 253,922
- Price per Square Foot: $223
- Address: 1 N. Dale Mabry Highway, Tampa
- Buyer: Christian Young (Bridge Investment Group)
- Seller: Angelo Gordon
- Broker: Eastdil Secured
Christian Young of Bridge Investment Group represented the buyer in this transaction. Eastdil Secured, the broker involved in the deal, facilitated the sale of the office property at 1 N. Dale Mabry Highway in Tampa.
Players
Tampa Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93