facebook
Traded Co logo
Submit
Daily limit: 0/10

Brian K. Stock Of Stock Development Acquires 601 North Ashley Drive In Tampa For $40M

Property Image
SOLD
$40,000,000

Florida

See Similar Deals
Office
Sold 07/21/2025
the dealplayerscompscontact
Property Image
SOLD

Brian K. Stock Of Stock Development Acquires 601 North Ashley Drive In Tampa For $40M

601 North Ashley Drive

See Similar Deals
Office
Sold 07/21/2025
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Office
Transaction Type:Sale

The property asset involved in the transaction is a 0.9-acre lot located at 601 North Ashley Drive in downtown Tampa. The sale price for the property was $40,000,000. The asset is categorized as an office space.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $40,000,000
  • Buyer: Brian K. Stock - Stock Development
  • Seller: Rudy Nassri - TLR Group
  • Market: Tampa
  • Acres: 0.9
  • Approvals: 48-story tower secured by seller

Brian K. Stock of Stock Development initiated the acquisition from Rudy Nassri of TLR Group. Stock Development plans to pivot from TLR’s original apartment project to luxury condos, potentially implementing a branded residence on the site, capitalizing on its full-block footprint and unobstructed views across from Curtis Hixon Park.

Players

BS
Brian K. Stock
4 deals$140.4M volume
BUYER
TG
TLR Group
SELLER

Details

SOLD
IMAGE: Brian K. Stock & Rudy Nassri DATE: 07/21/2025 ADDRESS: 601 North Ashley Drive MARKET: Tampa ASSET TYPE: Office ~ ACRES: 0.9 BUYER: Brian K. Stock - Stock Development (@StockDevelopment) SELLER: Rudy Nassri - TLR Group SALE PRICE: $40,000,000 NOTE: A Naples-based Stock Development paid $40M to acquire the 0.9-acre 601 N Ashley Dr. lot in downtown Tampa from TLR Group, which had paid just over half that in 2021 and secured approvals for a 48-story tower.Stock plans to pivot from TLR’s original apartment project to luxury condos, potentially a branded residence, leveraging the site’s full-block footprint and unobstructed views across from Curtis Hixon Park.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$142,111.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$189,620.41
Annual Debt Service$2,275,444.88