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
About this deal
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
- Property Type: Office
- Transaction Amount: $14,500,000
- Address: 12906 Tampa Oaks Blvd, Tampa
- Market: Tampa
- Buyer's Representative: Marc Magliarditi & Travis Landes - CBRE
- Seller's Representative: Dale Peterson, Joe Chick, Kristen McFarland Hagen, Courtney Snell & Nick Sharpe - CBRE
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.
On the Map
$14,500,000
$139/SF
Office
View full map
Players
Temple Terrace Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Travis Landes to view all their deals.
Browse Temple Terrace office sales on Traded.
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