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Cousins Properties Acquires Tampa Office Building For $144.8M

Property Image
SOLD
$144,800,000

Florida

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Office294,000 SF
Sold 10/04/2021
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Property Image
SOLD

Cousins Properties Acquires Tampa Office Building For $144.8M

2004 North Tampa Street, Tampa, FL, USA

See Similar Deals
Office294,000 SF
Sold 10/04/2021
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$492
Total Square Footage:294,000 SF
Transaction Type:Sale

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

8 deals$991.8M volume
BUYER

Details

SOLD
IMAGE: Colin Connolly DATE: 10/04/2021 ADDRESS: 2004 N Tampa Street MARKET: Tampa ASSET TYPE: Office BUYER: Cousins Properties - Colin Connolly SALE PRICE: $144,800,000 SF: 294,000 ~ PPSF: $493

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$514,443.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$686,425.87
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