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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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