CBRE Capital Markets, acting as exclusive advisor on behalf of the Owner, is pleased to offer for sale the 100% fee simple interest in BaySpace St. Petersburg (the “Property” or “Building”), a 69,757 SF building that is 98% leased to a diverse tenancy. Located at the entrance to Pinellas County within the Gateway submarket, the Property affords tenants unmatched connectivity to major thoroughfares connecting the Tampa Bay region, most notably Roosevelt Boulevard, Interstate 275, State Road 694 (Gandy Boulevard) and U.S. Highway 19. This connectivity also provides tenants at the Property convenient proximity to the Gateway submarket’s plethora of nearby amenities. As a testament to the Property’s unparalleled location dynamics, nearly half of the existing tenancy at the Property has renewed their lease beyond the original lease term. Furthermore, the Florida Department of Transportation (“FDOT”) recently completed the $600MM Gateway Expressway project that added additional tolled express lanes, increasing capacity and improving mobility within the immediate area and allows for more efficient commuting between Pinellas and Hillsborough counties. The completion of this project greatly expands the Property’s reach to prospective users throughout the region. The Property today offers flexible, functional space types situated in a professionally maintained, self-enclosed business park setting. The Property features a strategic mix of warehouse space. BaySpace St. Petersburg presents investors an exceptional value-add investment opportunity to acquire an institutional-quality business park with a strong, diversified in-place rent roll in a supply-constrained market at pricing that is well below estimated replacement cost. This offering also comes with an adjacent vacant lot across the street (0.51± acres) that has already been pre-permitted to develop a 10,000± SF Single Story Building.