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12906 Tampa Oaks Boulevard,...

TerraCap Management Sells Tampa Office Property For $14.5M
SOLDOffice

TerraCap Management Sells Tampa Office Property For $14.5M

12906 Tampa Oaks Boulevard, Tampa, Florida 33637, United States

$14,500,000

$139/SF

Building Size

104,080 SF

Asset Type

Office

Closing

Oct 9, 2022

AI

The office property at 12906 Tampa Oaks Blvd in Tampa was recently sold by TerraCap Management. The transaction took place on 10/10/2022, and the property was sold for $14,500,000. The office building spans 104,080 square feet, resulting in a price per square foot of $139.

Summary of transaction details

Marc Magliarditi and Travis Landes from CBRE represented the buyer in this transaction, while Dale Peterson, Joe Chick, Kristen McFarland Hagen, Courtney Snell, and Nick Sharpe, also from CBRE, represented the seller.

Players

Marc Magliarditi

CBRE

Broker

$87.9M

vol

7 deals

Broker
TerraCap Management
TerraCap ManagementSeller

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