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8600 Hidden River Pkwy, Tam...

Private Investment Company Acquires Property At 8600 Hidden River Pkwy Tampa With Seller's Reps From CBRE
SOLDOffice

Private Investment Company Acquires Property At 8600 Hidden River Pkwy Tampa With Seller's Reps From CBRE

8600 Hidden River Pkwy, Tampa, FL, 3...

Building Size

59,530 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in this transaction is a single-story office building located at 8600 Hidden River Parkway in Tampa, Florida. This office building encompasses a total area of 59,530 square feet and is situated within the 513-acre master-planned Hidden River Corporate Park. The building was established in 1989.

Summary of transaction details:

The transaction was brokered by a team from CBRE including Dale Peterson, Joe Chick, Kristen McFarland Hagen, Courtney Snell, and Nick Sharpe, who represented Continental Capital Partners as the seller in this deal.

Players

Joe Chick

Foundry Commercial

Broker

$197.6M

vol

9 deals

Broker
PC
Private Investment CompanyBuyer

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93