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:
- Property Type: Office Building
- Transaction Amount: Undisclosed
- Address: 8600 Hidden River Pkwy, Tampa, FL
- Market: Tampa
- Seller's Representative: Kristen Hagen-CBRE, Courtney Snell-CBRE, Dale Peterson-CBRE, Joe Chick-CBRE
- Buyer: Private Investment Company
- Seller: Continental Capital Partners
- Square Footage: 59,530
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
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