2701 Rocky Point DrTampa, FL 33607

Property Details for 2701 Rocky Point Dr

Year built

1986

Construction

CONCRETE

Lot size

2.93 AC

Property size (Sq ft)

321,440 SF

Zone code

PD

Property type

Office properties

Property subtype

Office buildings

APN

A142917ZZZ000005347400

APU

A142917ZZZ000005347400

Description

This exceptional Class A office suite, located within the prestigious Island Center in Tampa's Westshore submarket, offers 4,546 square feet of meticulously designed workspace. Situated on the ninth floor of a twelve-story building, this single-tenant space boasts three private, accessible balconies, offering stunning views. The suite features a double-door entry conveniently located directly off the elevator for optimal accessibility and privacy. Built in 1986, Island Center is a 249,797 square foot building situated on 2.93 acres of land. The property offers a generous 3.5/1,000 parking ratio, ensuring ample parking for tenants and their guests. A significant tenant improvement allowance of $98,000 is available, providing flexibility for customization to meet specific business needs. This allowance can be utilized at any point during the lease term. The current lease expires on April 30, 2027, with the suite becoming available November 1, 2024. This prime location in the highly sought-after Westshore area provides easy access to major transportation routes, amenities, and other businesses. The property's traditional office layout is complemented by executive office features, making it ideal for a variety of businesses. This is a rare opportunity to secure a high-quality, well-located office space in a thriving Tampa business district. The address is 2701 N Rocky Point Dr, Tampa, FL 33607.

• CAP approach

  CAP return

  Valuation

  6%

  $59,291,544

  6.5%

  $54,730,656

  7%

  $50,821,324

• Comparable approach

  Method

  Valuation

  Relative Method

  $58,704,588

  Geo Method

  $58,704,588

• Alternative Use

  Use

  Valuation

  Residential

  $67,866,016

  Hospitality

  $62,164,904

  Educational

  $51,720,468

  Medical

  $53,499,216

  Retail

  $80,454,064

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9644

Longitude

-82.5686

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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