TerraCap Management Sells Property At 12906 Tampa Oaks Blvd Tampa For $14.5M With CBRE Representation
12906 Tampa Oaks BLVD, Tampa, FL...
$14,500,000
$139/SF
Building Size
104,080 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
A sale has occurred for an office building located at 12906 Tampa Oaks Blvd, Tampa, FL, within the Temple Terrace market. The transaction was completed at a price of $14,500,000.00 for a total area of 104,080 square feet. The property, known as Tampa Oaks II, was constructed in 2008 and has notable tenants including Liberty Mutual Insurance Co., Fieldstone A&E, and Home Encounter LLC.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $14,500,000.00
- Address: 12906 Tampa Oaks BLVD, Tampa, FL
- Market: Temple Terrace
- Buyer: Undisclosed
- Seller: TerraCap Management
- Buyer's Representative: Marc Magliarditi-CBRE
- Seller's Representatives: Kristen Hagen-CBRE, Courtney Snell-CBRE
- Broker: Dale Peterson-CBRE, Joe Chick-CBRE
- Square Feet: 104080
The deal saw participation from multiple representatives from CBRE, with Marc Magliarditi representing the unnamed buyer and Kristen Hagen along with Courtney Snell representing the seller, TerraCap Management. Additionally, Dale Peterson and Joe Chick acted as brokers in this transaction.
On the Map
$14,500,000
$139/SF
Office
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Temple Terrace 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
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93