SOLDOffice
DODO Investments LLC Acquires Tampa Office Building For $16M
200 South Hoover Boulevard
$16,000,000
Building Size
—
Asset Type
Office
Closing
Sep 14, 2022
About this deal
AI
The office building located at 200 S. Hoover Blvd in Tampa has been sold for a total price of $16,000,000. The transaction took place on September 14, 2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $16,000,000
- Market: Tampa
- Buyer: DODO Investments LLC
- Seller's Representative: James Ramos - Ramos Cos - REMAX Alliance Group
James Ramos, representing Ramos Cos from REMAX Alliance Group, facilitated the sale of this office property. The buyer, DODO Investments LLC, successfully acquired the asset in this transaction.
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93