Easterly Government Properties Acquires Office Building In Tampa For $70.4M
5525 West Gray Street, Tampa, Florida 33609, United States
$70,400,000
$510/SF
Building Size
138,000 SF
Asset Type
Office
Closing
May 19, 2022
AI
The office building located at 5525 W Gray St in Tampa has been sold. The property spans 138,000 square feet and was sold for $70,400,000, resulting in a price per square foot of $510. The transaction took place on 05/20/2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $70,400,000
- Address: 5525 W Gray St, Tampa
- Market: Tampa
Easterly Government Properties acquired the office building from Highwoods Properties in this transaction.
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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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93