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Mike Outlaw Acquires Office Building In Tampa From Walter S. Hagenbuckle & Robert Gray For $8.1M

Property Image
SOLD
$8,127,332

Florida

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Office85,498 SF
Sold 09/23/2021
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Property Image
SOLD

Mike Outlaw Acquires Office Building In Tampa From Walter S. Hagenbuckle & Robert Gray For $8.1M

3802 Corporex Park Drive, Tampa, FL, USA

See Similar Deals
Office85,498 SF
Sold 09/23/2021
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$95
Total Square Footage:85,498 SF
Transaction Type:Sale

The office property located at 3802 Corporex Park Dr in Tampa has been sold. The transaction took place on September 23, 2021. The property spans an area of 85,498 square feet with a price per square foot of $95. The sale price for the property was $8,127,332.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $8,127,332
  • Address: 3802 Corporex Park Dr
  • Market: Tampa

The buyer of the property is Mike Outlaw, while Walter S. Hagenbuckle & Robert Gray acted as the sellers.

Players

2 deals$32.8M volume
BUYER

Details

SOLD
IMAGE: 09/23/2021 ADDRESS: 3802 Corporex Park Dr MARKET: Tampa ASSET TYPE: Office BUYER: Mike Outlaw SELLER: Walter S. Hagenbuckle & Robert Gray SALE PRICE: $8,127,332 SF: 85,498 ~ PPSF: $95

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$433,457.70

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,874.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,527.70
Annual Debt Service$462,332.40