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4900 Memorial Highway

Updated Aug 13, 2026

W.P. Carey Sells Office Asset In Tampa For $142.95 Million On Memorial Highway
SOLDOffice

W.P. Carey Sells Office Asset In Tampa For $142.95 Million On Memorial Highway

4900 Memorial Highway

$142,950,000

Units

1,000,000

Asset Type

Office

Closing

Aug 27, 2025

About this deal

AI

The property asset involved in this transaction is located at 4900 Memorial Highway, Tampa, FL. It is classified as an office space with a total size of 1,000,000 square feet. The seller of the property is W.P. Carey, and the transaction concluded with a final sale price of $142,950,000.00.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $142,950,000.00
  • Address: 4900 Memorial Highway
  • Market: Tampa, FL
  • Asset Size: 1,000,000 square feet
  • Seller: W.P. Carey

This transaction involved key interactions between the seller and potential buyers, with W.P. Carey representing the seller in concluding the deal. Specific broker representatives for the buyer or additional parties involved were not mentioned in the context provided.

Players

CBRE
CBREBrokerage

Tampa Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $143 per unit across 1000000 units on a published $143M (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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