For Sale
$16,100,000

4045 Himes Ave Tampa, FL 33607

78,343 SF, 15-Year Lease, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional sale-leaseback opportunity presents a 78,343-square-foot creative office building in Tampa, Florida. The property boasts a 15-year net lease with a highly creditworthy tenant, E.W. Scripps Company (NASDAQ: SSP), a leading local news provider operating as ABC Action News from this location since 1995. The building features state-of-the-art broadcasting infrastructure, including multiple studios and control rooms. Located at 4045 N Himes Ave, this mission-critical facility enjoys a prime location less than 10 minutes from Downtown Tampa, near Raymond James Stadium, I-275, and Tampa International Airport. The asking price is $16,100,000, representing a price per square foot of $205.51 and an 8.52% cap rate. The lease includes a 3% annual base rent increase, resulting in a strong, passive income stream with zero landlord responsibilities. The property's 100% occupancy and substantial Net Operating Income (NOI) of $1,371,003 make this a compelling investment for discerning buyers seeking a stable, long-term asset in a rapidly growing market. The property is a single-tenant, absolute NNN lease, minimizing landlord responsibilities and maximizing passive income growth. This is a rare opportunity to acquire a high-quality, strategically located asset with a blue-chip tenant in one of the nation's fastest-growing cities.

Highlights

  • 15-Year Net Lease with 3% Annual Rent Increases
  • Mission-Critical Office Building, 100% Leased to Major Local TV Broadcaster
  • Absolute NNN Lease; Passive Income Stream
  • 100% Occupancy; Investment-Grade Tenant (S&P: B), E.W. Scripps Company (NASDAQ: SSP)

Property Details for 4045 Himes Ave

Property type
Office properties, Office space
Square Feet
78,343 SF

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
27.975841014222
Longitude
-82.500806981649

FAQs

What type of property is this?
Office property - 78,343 SF, 15-Year Lease, High NOI
Where is the office property located?
The property is located at 4045 Himes Ave Tampa, FL.
What is the asking price?
The asking price for this property is $16,100,000.
What are key features of this property?
This property features: 15-Year Net Lease with 3% Annual Rent Increases; Mission-Critical Office Building, 100% Leased to Major Local TV Broadcaster; Absolute NNN Lease; Passive Income Stream
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4045 Himes Ave
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