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:
- Property Type: Office
- Transaction Amount: $151,300,000
- Buyer: Brookdale Group
- Seller: An affiliate of PGIM Inc., the asset management arm of Prudential Financial
- Seller's Rep: Hermen Rodriguez, Ike Ojala, Matthew McCormack, Robbie McEwan, Blake Koletic, Max Lescano, and Hunter Smith - JLL
- Address: 100 North Tampa Street
- Market: Tampa
- SF: 570,000
- PPSF: $265
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
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