Ciminelli Real Estate Services Sells 187,129 SF Office Building In East Tampa For $10.965M
6700 Lakeview Center Dr Tampa, FL 33619, USA
$10,965,000
$58/SF
Building Size
187,129 SF
Asset Type
Office
Closing
Apr 17, 2023
About this deal
AI
Ciminelli Real Estate Services has announced the sale of Lakeview Center, a three-story, single-tenant office building in East Tampa, Florida. The property was sold for $10.965 million to WSI Lakeview, LLC. The buyer plans to redevelop the 187,129 square-foot property, which sits on 19.31 acres of land, for industrial use.
Summary of transation details
- Property Type: Office
- Transaction Amount: $10,965,000
- Address: 6700 Lakeview Center Drive
- Market: East Tampa
- ACRES: 19.31
- Buyer: WSI Lakeview, LLC
- Seller: Lakeview Tampa Property, LLC
- Brokers: Thomas Hernandez & Mary Foley - Ciminelli Real Estate Services
- SF: 187,129
- PPSF: $59
The buyer, WSI Lakeview, LLC, plans to redevelop the property for industrial use. Ciminelli Real Estate Services facilitated the transaction with brokers Thomas Hernandez and Mary Foley representing the parties involved.
Players
Miami 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
1.45%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93