$7.2M Loan on a South Tampa Office Purchased by a Nonprofit

The buyer of 4224 Henderson Boulevard is not a typical borrower in this database. County records list the owner as the Global Special Operations Forces Foundation, a Florida nonprofit incorporated in 2013 and recognized as a 501(c)(3) public charity. The foundation purchased the South Tampa office building for a recorded $9,000,000 on April 2, 2026, and JPMorgan Chase recorded a $7,200,000 mortgage on April 8, written on a 120 month term due April 2036.

The building is a single story, single tenant office of 19,891 square feet on 1.2 acres along Henderson Boulevard in the Culbreath area, built in 1959, with roughly 92 surface parking spaces per leasing records that describe it as a headquarters style building. Registered entity filings at the address trace a line of past corporate occupants, most recently an insurance company whose registration is now inactive. One caution is reported as found: no public announcement describes the foundation relocating its offices here, and its published address remains elsewhere in Tampa, so the intended use is not asserted.

The prior debt history is modest and orderly, which is typical of long held owner occupied office: NationsBank mortgages in 1996 and 1998, Bank of America at $2,900,000 in 2004 on twenty year paper and again in 2012, and a 2014 modification. The new $7,200,000 mortgage is more than double any prior recorded instrument on the property.

J.P. Morgan, the database's most active lender at 21 tracked closings, appears across four asset types, and this loan, its first tracked Tampa closing, ranks 8th of 25 in the market. The tracked Tampa office record around it: $6,500,000 from Suncoast Credit Union in Riverview, $3,704,348 from Valley National Bank, and $3,620,000 from Achieva Credit Union.

The financing lesson sits with nonprofit boards weighing rent versus ownership. A charity bought a headquarters scale building with conventional ten year bank debt at eighty percent of the price recorded against it, no bond issue, no specialty lender. For mission driven organizations with durable revenue, the recorded evidence here is that the ordinary commercial mortgage market is open to them, at exactly the terms structure any private buyer would recognize.