RealOp Investments Acquires Office Property In Tampa For $20M

Bay West, located at 5660 W Cypress St, Tampa, FL, 33607, is an office asset that was sold for $20,000,000.00. The property encompasses 195,558 square feet and is situated in the Tampa market, specifically within the Westshore Business District. The asset consists of eight garden-style office buildings that were completed between 1983 and 1985.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $20,000,000.00
• Seller: Equus Capital Partners
• Buyer: RealOp Investments
• Financing: $17.1 million provided by Wells Fargo Bank
• SF: 195,558
• Seller's Rep: Michael Lerner, Mike Davis, Rick Brugge - Cushman & Wakefield
• Leasing Team for Buyer: Paula Buffa, Lauren Coup
• Major Tenants: Fidelity National Title, GEICO, Beef 'O' Brady's
• Occupancy Rate: 95 percent leased

The transaction featured key representatives from Cushman & Wakefield, with Vice Chairman Mike Davis, Executive Directors Rick Brugge and Michael Lerner representing the seller. RealOp Investments has retained Cushman & Wakefield as the exclusive leasing advisor. The location of Bay West offers strategic access to essentials such as Westshore Plaza, Tampa International Airport, and nearby major roadways, enhancing its appeal as an office park.