3233 West Cypress Street, Tampa, FL, USA

STABILIZED CASH FLOW & VALUE-ADD POTENTIAL

• The property consists of six first-floor retail units and three second-floor residential units

• The retail spaces are 100% occupied by six tenants with gross leases. With only one of the six tenants having options remaining, this gives the Landlord or potential buyers the opportunity to take over spaces or convert units to a NNN expense recovery model, reducing Landlord responsibilities

• The second-floor residential units are currently being operated as Airbnb’s but can be converted to apartments for consistent income as there are no leases for the three units



STRATEGIC LOCATION

• W Cypress Street is located just 4 blocks south of I-275, which connects I-4 to downtown St. Petersburg with over 250,000 AADT

• This stretch of W Cypress Street where the property is located has an AADT of 16,800

• The property is located in Midtown and on the edge of Westshore, two of the most affluent and populated submarkets in the Tampa MSA

• Midtown Tampa, located a half mile from the asset, is a 22-acre development opened in March 2021 consisting of 185,000 SF of retail, 700,000 SF of office, 390residential apartments, 225 hotel rooms and considered one of the areas top destinations for residents and visitors

• The asset is located 3.8 miles from Tampa International Airport (±25,000,000 passengers annually)



STRONG DEMOGRAPHICS

• 125,627 population within a 3-mile radius

• $137,995 average household income within a 3-mile radius



RECENT CAPITAL IMPROVEMENTS

• Roof was replaced in 2014 with a 25-year warranty

• New plumbing lines run from street throughout building in 2020

• Parking lot was resurfaced in 2023 with 24 parking spaces

• Extensive interior upgrades completed in 2023, including porcelain floors, lighting, and paint

• Exterior paint, landscaping and signage updated in 2023