facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Office

/

Sale

/

18216 Crane Nest Drive, Tam...

Sentinel Real Estate Corp. Acquires Office Building In Tampa For $43M
SOLDOffice

Sentinel Real Estate Corp. Acquires Office Building In Tampa For $43M

18216 Crane Nest Drive, Tampa, FL, USA

$43,000,000

$373/SF

Building Size

115,000 SF

Asset Type

Office

Closing

Jun 24, 2021

AI

The office property located at 18216 Crane Nest Drive in Tampa, Florida has been sold. The sale took place on June 25, 2021, with a sale price of $43,000,000. The property spans approximately 115,000 square feet, resulting in a price per square foot of $374. The buyer of the property is Sentinel Real Estate Corp., represented by Martin Cawley. The seller of the property is Highwoods Properties Inc.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $43,000,000
  • Address: 18216 Crane Nest Drive, Tampa, Florida
  • Market: Tampa

Martin Cawley, representing Sentinel Real Estate Corp., was involved in the purchase of the property. Highwoods Properties Inc. served as the seller in this transaction.

Players

Martin Cawley

Buyer

$139.5M

vol

2 deals

Buyer
HI
Highwoods Properties IncSeller

Tampa Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.37%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93