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100 North Tampa Street

Brookdale Group Acquires Office Building In Tampa For $151.3 Million
SOLDOffice

Brookdale Group Acquires Office Building In Tampa For $151.3 Million

100 North Tampa Street

$151,300,000

$265/SF

Building Size

570,000 SF

Asset Type

Office

Closing

Jun 25, 2024

AI

The office property located at 100 North Tampa Street in Tampa was sold for $151,300,000. The transaction involved a total square footage of 570,000, resulting in a price per square foot of $265. The property was acquired by Brookdale Group from an affiliate of PGIM Inc., the asset management arm of Prudential Financial. The seller was represented by Hermen Rodriguez, Ike Ojala, Matthew McCormack, Robbie McEwan, Blake Koletic, Max Lescano, and Hunter Smith from JLL.

Summary of transaction details:

The sale of the office property at 100 North Tampa Street in Tampa was a significant transaction facilitated by key individuals including Hermen Rodriguez, Ike Ojala, Matthew McCormack, Robbie McEwan, Blake Koletic, Max Lescano, and Hunter Smith from JLL. These professionals played crucial roles in representing the seller and ensuring a successful deal between the buyer, Brookdale Group, and the seller, an affiliate of PGIM Inc.

Players

Hermen Rodriguez

JLL

Broker

$1.8B

vol

23 deals

Broker

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

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93