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905 West Platt Street

Dr. Alexandra Grob Purchases Office At 905 West Platt Street In Tampa For $1.65M
SOLDOffice

Dr. Alexandra Grob Purchases Office At 905 West Platt Street In Tampa For $1.65M

905 West Platt Street

$1,650,000

$799/SF

Building Size

2,063 SF

Asset Type

Office

Closing

Jan 3, 2025

AI

The office property located at 905 West Platt Street in Tampa has been sold for $1,650,000. The asset encompasses a total area of 2,063 square feet, resulting in a price per square foot of $799.

Summary of transaction details:

This transaction involved key individuals including the buyer, Dr. Alexandra Grob, who acquired the asset from seller Dr. Carol Bonilla. The brokerage representation included Homi Kamalimoghaddam from LPT Realty and Michael Braccia from Bay Street Commercial LLC, facilitating the deal between the parties involved.

Players

Homi Kamalimoghaddam

LPT Realty

Broker

$1.7M

vol

1 deal

Broker

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

9.61%

Cash-on-Cash

-2.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93