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9445 Camden Field Parkway

The Church Of Jesus Christ Of Latter-Day Saints Acquires Office Building From Thomas M. Cooley Law School For $20.5M
SOLDOffice

The Church Of Jesus Christ Of Latter-Day Saints Acquires Office Building From Thomas M. Cooley Law School For $20.5M

9445 Camden Field Parkway

$20,500,000

$156/SF

Building Size

131,000 SF

Asset Type

Office

Closing

Mar 5, 2024

AI

An office building spanning 131,000 square feet located at 9445 Camden Field Parkway in Riverview, Florida, was successfully sold for $20.5 million. The property was acquired by The Church of Jesus Christ of Latter-Day Saints from the Thomas M. Cooley Law School.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $20,500,000
  • Address: 9445 Camden Field Parkway
  • Market: Riverview
  • Square Footage: 131,000

The Church of Jesus Christ of Latter-Day Saints acted as the buyer in this transaction, acquiring the office building. On the other end, the seller was James McGrath representing the Thomas M. Cooley Law School in the property sale.

Players

Riverview 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

0.77%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93