Office Medical
Medical/Professional Office | 91% Occupied | Low In-Place Rents | Prime Tampa Location
6301 Memorial Hwy, Tampa, FL 33615
Listing Price: $2,725,000
Cap Rate
6.25%
Gross SF
17,859
Rentable SF
17,859
Price/Gross SF
$152.58
Occupancy
91.3%
Year Built
1986
Lot Size
0.86 acres
Investment Overview
Marcus & Millichap is pleased to bring to market a Medical/Professional Office Building located in Tampa, FL.
Medical/Professional Office | 91% Occupied | Low In-Place Rents | Prime Tampa Location
Investment Highlights
- 91% leased by a diverse mix of medical and professional services tenants.
- Value-Add Potential: Short-term leases are currently priced significantly below market rates.
- Well Maintained: No deferred maintenance issues, with the roof replaced in 2019 and the elevator & HVACs are in excellent working condition.
- Attractive Cost Basis: The offering is priced below estimated replacement cost.
- Strategic Proximity: Near major destinations including the airport, Westshore Malls, International Plaza, Veterans Expressway, and I-275.
- Vast Amenities: Close to numerous restaurants, shopping centers, hotels, golf courses, and beaches. • Westshore Market: The area boasts the highest asking office rates in Tampa, averaging $37/SF, with higher-quality buildings reaching $45/SF.
- High Demand: Westshore is the most sought-after office submarket in Tampa, leading in market demand.
- Strong Local Population: Over 164,000 residents with AHHI in excess of $88,000 within a 5-mile radius. • Tax Benefit: Florida offers no state income tax.
Exclusively Listed By
Financing By
Office Medical
Medical/Professional Office | 91% Occupied | Low In-Place Rents | Prime Tampa Location
Listing Price: $2,725,000
Cap Rate
6.25%
Gross SF
17,859
Rentable SF
17,859
Price/Gross SF
$152.58
Occupancy
91.3%
Year Built
1986
Lot Size
0.86 acres
Investment Highlights
- 91% leased by a diverse mix of medical and professional services tenants.
- Value-Add Potential: Short-term leases are currently priced significantly below market rates.
- Well Maintained: No deferred maintenance issues, with the roof replaced in 2019 and the elevator & HVACs are in excellent working condition.
- Attractive Cost Basis: The offering is priced below estimated replacement cost.
- Strategic Proximity: Near major destinations including the airport, Westshore Malls, International Plaza, Veterans Expressway, and I-275.
- Vast Amenities: Close to numerous restaurants, shopping centers, hotels, golf courses, and beaches. • Westshore Market: The area boasts the highest asking office rates in Tampa, averaging $37/SF, with higher-quality buildings reaching $45/SF.
- High Demand: Westshore is the most sought-after office submarket in Tampa, leading in market demand.
- Strong Local Population: Over 164,000 residents with AHHI in excess of $88,000 within a 5-mile radius. • Tax Benefit: Florida offers no state income tax.
Investment Overview
Marcus & Millichap is pleased to bring to market a Medical/Professional Office Building located in Tampa, FL.
Exclusively Listed By
Financing By
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