TriOut Advisory Group LLC Acquires Office Building In Tampa For $82000

The Eastpointe is a three-story, Class B office building located at 3802 Corporex Park Dr in Tampa, FL. The property spans approximately 82,000 square feet and features a two-story parking garage. TerraCap Management LLC recently sold this asset, which was acquired in March 2014 and subsequently underwent significant capital improvements including the roof, HVAC, parking lot, parking garage, restrooms, and signage. Noteworthy tenants at Eastpointe include Circle K and Pharmerica, contributing to an impressive 96 percent occupancy rate.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Undisclosed
• Address: 3802 Corporex Park Dr, Tampa, FL
• Market: Tampa
• Seller's Rep: Mike Davis(Cushman & Wakefield), Rick Brugge(Cushman & Wakefield), Rick Colon(Cushman & Wakefield), Ryan Jenkins(Cushman & Wakefield), Zach Eichholtz(Cushman & Wakefield)
• Buyer: TriOut Advisory Group LLC
• SF: 82,000

The sale of Eastpointe in Tampa was facilitated by the team at Cushman & Wakefield, including representatives Rick Brugge, Mike Davis, Rick Colon, Ryan Jenkins, and Zach Eichholtz. On the buyer's side, TriOut Advisory Group LLC successfully acquired this well-maintained office property. The transaction marks the completion of TerraCap's strategic move to enhance the asset's value and secure strong tenant commitments before ultimately divesting the property.