Investment Summary
Buschwood Park III is a 78,595 square-foot, class-A office property located in Tampa, FL. The asset was approximately 86% leased at the time of acquisition. The investment had a Core-Plus profile because of the opportunity to increase cash flows through light property improvements, management efficiencies, and by increasing the quality of tenancy, while at the same time generating an attractive contractual going-in cash yield. The asset was sold in June of 2020.
