Total Square Feet
±101,173 SF
Asking Price
$16,200,000
NOI
$1,484,684
Sun City Center, Florida
Total Square Feet
±101,173 SF
Asking Price
$16,200,000
NOI
$1,484,684
STABLE CASH FLOW & VALUE ADD POTENTIAL
• The property has a diverse tenant mix and staggered lease terms, allowing owner to negotiate new leases upon expiration to unlock additional upside potential
• Major tenants including USF’s College of Public Health, AdventHealth Medical Group, and University Medical Service Association (UMSA)
• Recent long-term leases highlight the tenant demand at this property
• Potential for student housing redevelopment
STRATEGIC LOCATION IN UPTOWN TAMPA
• Nearby medical center drivers including AdventHealth Tampa, James A. Haley Veterans Hospital, Moffitt Cancer Center, USF Health Byrd Alzheimer’s Institute, Moffit McKinley Hospital, and Johns Hopkins Children’s Outpatient Care
• Located directly across the street from the University of South Florida (USF) with nearly 49,000 students enrolled
• The asset is located on E Fletcher Blvd, a primary thoroughfare in Tampa, FL with an AADT of 42,000
• Situated in the heart of Uptown Tampa, a vibrant district in northern Tampa centered around the University of South Florida (USF), this area serves as a thriving hub for education, research, and healthcare, with $1.84 billion in active developments shaping its growth
RECENT CAPITAL IMPROVEMENTS
• The property recently underwent multi-million dollar aesthetic renovations
• The roof and HVAC units were replaced in 2016
• The property has been professionally managed and well maintained
DESIRABLE DEMOGRAPHICS
• 28,845 population within a 1-mile radius
• $50,138 average household income within a 1-mile radius
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