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2004 North Tampa Street, Ta...

Cousins Properties Acquires Tampa Office Building For $144.8M
SOLDOffice

Cousins Properties Acquires Tampa Office Building For $144.8M

2004 North Tampa Street, Tampa, FL, USA

$144,800,000

$492/SF

Building Size

294,000 SF

Asset Type

Office

Closing

Oct 4, 2021

AI

Located at 2004 N Tampa Street in Tampa, this office property was recently sold in a closed transaction. The property spans over 294,000 square feet and was sold for a total of $144,800,000, resulting in an average price per square foot of $493. The sale took place on October 4, 2021.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $144,800,000
  • Address: 2004 N Tampa Street
  • Market: Tampa
  • Buyer: Cousins Properties - Colin Connolly

Cousins Properties, represented by Colin Connolly, was the buyer in this transaction. They acquired this office property in Tampa at a price of $144,800,000. The property boasts a total area of 294,000 square feet, resulting in a price per square foot of $493.

Players

Colin Connolly

Cousins Properties

Buyer

$991.8M

vol

8 deals

Buyer

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

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93