Avistone Of Lone Tree Acquires Office Building In Tampa For $35.8M
5402 Beaumont Center Blvd, Tampa, FL, USA
$35,800,000
$142/SF
Building Size
251,730 SF
Asset Type
Office
Closing
Feb 21, 2021
About this deal
AI
The office property located at 5402-5460 Beaumont Center Blvd in Tampa has been sold in a recent transaction. The property, spanning 251,730 square feet, was acquired for a price of $35,800,000, resulting in a price per square foot of $142. The sale was completed on 02/22/2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $35,800,000
- Address: 5402-5460 Beaumont Center Blvd, Tampa
- Market: Tampa
Richard Kent of Avistone of Lone Tree acted as the buyer in the transaction, while Meridian Development Group served as the seller. Brett White from Cushman & Wakefield represented the interests of both parties as the broker involved in the deal.
Players
Tampa 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93