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.