9927 Delaney Lake DrTampa, FL 33619

Property Details for 9927 Delaney Lake Dr

Year built

2005

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

25.84 AC

Property size (Sq ft)

140,321 SF

Zone code

PD

Property type

Office properties

Property subtype

Office buildings

APN

U3029205MGB00000000030

APU

U3029205MGB00000000030

Description

This exceptional investment opportunity presents a 140,000 square foot, Class A office building situated on a 25.39-acre campus in Tampa, Florida. The five-story building, constructed in 2005, boasts an efficient center-core floorplate design and is currently vacant, offering an owner/user the chance to establish their corporate headquarters. Amenities include a delicatessen and a state-of-the-art fitness center. Ample parking is provided by a three-level, 502-space structured parking deck, supplemented by surface parking, resulting in a parking ratio of 5.0 per 1,000 square feet. The property's strategic location at the intersection of the Selmon Expressway and I-75 ensures excellent accessibility. The asking price is $32,000,000, translating to $228.57 per square foot. The property is zoned Planned Development (PD), allowing for flexible mixed-use development opportunities on the remaining approximately 10 acres of undeveloped land. This presents a rare chance to acquire a high-quality, campus-style setting with significant redevelopment potential in a desirable Sunbelt market. The building has served as corporate headquarters for nearly 20 years.

• CAP approach

  CAP return

  Valuation

  6%

  $28,969,764

  6.5%

  $26,741,320

  7%

  $24,831,226

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,626,824

  Geo Method

  $25,626,824

• Alternative Use

  Use

  Valuation

  Residential

  $33,159,238

  Hospitality

  $30,373,684

  Educational

  $25,270,548

  Medical

  $26,139,642

  Retail

  $39,309,740

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9308

Longitude

-82.3416

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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