Mike Outlaw Acquires Office Building In Tampa From Walter S. Hagenbuckle & Robert Gray For $8.1M
SOLD
$8,127,332
Florida
See Similar DealsOffice85,498 SF
Sold 09/23/2021
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 DealsOffice85,498 SF
Sold 09/23/2021
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.
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Deal Type
30 years
10 years
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
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