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.
On the Map
$142,950,000
Office
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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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93