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