Buschwood Park III
Realized 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.
Investment Info
- Status: Realized
- Market: Tampa, FL
- Property Type:
Office - Square Footage: 78,595
- Lingerfelt Role: General Partner
- Strategy: Acquisition
- Sub-Strategy: Lease-Up
Investment Metrics
- Entry Date: February 20, 2018
- Purchase Price: $8,900,000
- Total Capitalization: $9,986,787
- Exit Date: June 26, 2020
- Exit Price: $10,350,000
- Hold Period: 2.3 Years
