4045 Himes AveTampa, FL 33607

Property Details for 4045 Himes Ave

Year built

1996

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.03 AC

Property size (Sq ft)

78,343 SF

Zone code

PD

Property type

Data centers and call centers

APN

A102918ZZZ000005463200

APU

A102918ZZZ000005463200

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $14,450,838

  6.5%

  $13,339,235

  7%

  $12,386,433

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,307,782

  Geo Method

  $14,307,782

• Alternative Use

  Use

  Valuation

  Residential

  $16,540,651

  Hospitality

  $15,151,148

  Educational

  $12,605,577

  Medical

  $13,039,102

  Retail

  $19,608,676

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9756

Longitude

-82.5007

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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