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
About this deal
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.
The office sale at 5525 West Gray Street, Tampa, Florida 33609, United States in Tampa, Florida sold for $70.4M in 2022. The building is 138,000 square feet, implying about 510 per square foot on the published price. This page is the Tampa, Florida file for the 5525 West Gray Street, Tampa, Florida 33609, United States office sold: pricing, party profiles, and other closed office comps from the same Tampa sit in the Market section below. Filter that Tampa office set by closing date to see what else sold near 5525 West Gray Street, Tampa, Florida 33609, United States around 2022. Published consideration for 5525 West Gray Street, Tampa, Florida 33609, United States is $70.4M, dated 2022. Cite this Easterly Government Properties Acquires Office Building In Tampa For $70.4M sale when underwriting similar office product around Tampa, Florida.
Players
Tampa Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida office sales on Traded.
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