JLL Income Property Trust Acquires Wesley Chapel Medical Office For $8.5M
2407 Cypress Ridge Boulevard, Wesley Chapel, FL 33544
$8,500,000
$653/SF
Building Size
13,000 SF
Asset Type
Office
Closing
Dec 14, 2021
About this deal
AI
The medical office located at 2407 Cypress Ridge Boulevard in Wesley Chapel has been sold for a price of $8,500,000. The property spans across 13,000 square feet and has a price per square foot of $654.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $8,500,000
- Address: 2407 Cypress Ridge Boulevard
- Market: Wesley Chapel
- Buyer: JLL Income Property Trust - Allan Swaringen
The buyer in this transaction is JLL Income Property Trust, represented by Allan Swaringen. No further details about the transaction have been provided.
Players
Zephyrhills 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93