Catylist ID: #30340693
Waters Investment Opportunity
Office for Sale
|Catylist Listing ID:||30340693|
|Property Subtypes:||Business Park, Governmental|
|Building Size (RSF):||33,684 SF|
|Gross Building Area:||373,314 SF|
|Gross Land Area:||118,272 SF|
|Unit Price:||$225.63 PSF|
|Property Use Type:||Investment|
|Building Name:||Thompson Waters Building|
|Class of Space:||Class B|
|Usable Size (USF):||33,684 SF|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
Overview / Comments
Opportunity: Commercial real estate investment opportunity with major, credit worthy long term governmental tenant in the heart of Tampa. The building has undergone major capital improvements with a complete interior remodel from the ground up. Excellent return of investment over a ten year term. IRR of 13.6+% with leveraged position.
Address: 5483 W Waters Ave, Tampa, FL 33634 (easy access to Veterans Expressway, Anderson Rd and Waters Ave). Central location services all of Tampa Bay within 30 minutes.
-Over 33,684 RSF of office space. 100% leased out with large, major credit worthy tenant occuying 71% of the building.
-Interior of entire building has been renovated from the ground up over the past two years.
-167+/- parking spaces with a 5/1000 parking ratio
-Active POA with minimal annual dues. Other business park owners include First Industrial and Arcis Realty.
-Located Near Area Restaurants & Shopping. Main bus line located at the end of Sunstate St. servicing all of Tampa.
-On-site hotel (Comfort Suites) and on-site school (Creative World).
For more detailed information, please see attached brochure. Full Offering Memorandum available upon completion of Confidentiality Agreement and Brokerage Agreement.
Attachments & Media
|Tenant Business Name||Department of Revenue|
|Nearest MSA:||Tampa-St. Petersburg-Clearwater|
|Taxing Authority:||Hillsborough County|
|Highway Access:||Major access to Veteran's Expressway, Anderson Rd and Waters Ave.|
|Airports:||Tampa International Airport|
|Site Description:||Large business park with a mixture of business professional and governmental tenants.|
|Area Description:||Large corporate area close to TIA.|
|Total Number of Buildings:||1|
|Number of Stories:||1|
|Parking Description:||5:1000 parking with over 165 spaces.|
|Proximity:||1 mile||3 miles||5 miles|
Sage N. Andress P.A. , ALC, CCIMSunmark Realty, Inc. CE-FL Member
|© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Exchange Florida nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|