9309 N Florida Ave - Office FOR SALE


Tampa, FL 33612- Forest Hills
$16,890,000 USD
813-712-3068
9309 N Florida Ave, Tampa, FL for Sale
$16,890,000 USD
Office - FOR SALE
1/14
null | 9.5% Cap Rate

NEW


9309 N Florida Ave
Tampa, FL 33612
Forest Hills


HIGHLIGHTS

  • Approximately 11.41 acres of land fronting E Busch Blvd and N Florida Ave in Tampa, FL immediately adjacent to I-275
  • Centrally located at the NEC of E Busch Blvd and N Florida Ave and adjacent to I-275
  • Offering easy access to downtown Tampa, Tampa International Airport, and University of South Florida (USF)
  • The property is conveniently located in a dense and affluent sub market that contains a population of more than 357,708 and a household income of over
  • The Center features two multi tenant pylon signs along I-275

OVERVIEW

RMC is pleased to offer for sale the Floriland Office Center, a 161,060 square-foot property located in Tampa, FL. Floriland is centrally located at the NEC of E Busch Blvd and N Florida Ave and adjacent to I-275, offering easy access to downtown Tampa, Tampa International Airport, and University of South Florida (USF). This offering provides investors with an attractive value-add opportunity as a result of several units that are subject to a lease termination right held by the current anchor tenant named Ultimate Medical Academy (UMA). UMA currently leases six (6) units encompassing 117,988 sf. UMA holds a termination right in its lease that needs to be exercised by 8/31/2025. UMA is anticipated to exercise its termination rights on five (5) of its existing units totaling 92,425 sf. UMA will continue to operate unit #100 (25,563sf) and per the terms of the lease, UMA will continue to pay rent until 8/31/2026 on any space that it exercises its termination rights on. This structure offers a prospective buyer a one-year rental income stream while releasing the units subject to UMA’s termination right. The units that UMA plans to vacate are in excellent condition and lease ready.

FOR SALE DETAILS

PRICE

$16,890,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Medical, Telecom Hotel/Data Hosting

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

758

LAND DETAILS

LAND ACRES

11.41 AC

LAND SF

497,020 SF

ZONING

C-I, Tampa

APN/PARCEL ID

A-24-28-18-3EC-000000-00004.1

ASK ABOUT THIS PROPERTY

Brandon EgglestonRMC Property GroupMore Info
813-712-3068

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Brandon EgglestonRMC Property GroupMore Info
813-712-3068

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.