Tom Frederick Acquires GTE Wireless Office In Tampa For $27.3M
6550 Hillsborough Avenue, Tampa, Florida 33634, United States
$27,300,000
$169/SF
Building Size
161,455 SF
Asset Type
Office
Closing
May 15, 2022
About this deal
AI
The office property located at 6550 West Hillsborough Ave in Tampa has been sold in a recent transaction. The property spans an area of 161,455 square feet and was sold for a total price of $27,300,000. This translates to a price per square foot of $169.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $27,300,000
- Address: 6550 West Hillsborough Ave
- Market: Tampa
The buyer of the property is Tom Frederick, while GTE Wireless acted as the seller. Tom Frederick was represented by their broker in this transaction.
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
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93