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.
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