Office
Value-Add (Covered Land) | Residential & Hospitality | Core Tampa
2005 Pan Am Cir, Tampa, FL 33607
Listing Price: $8,250,000
Cap Rate
3.72%
Gross SF
32,612
Rentable SF
32,612
Price/Gross SF
$252.97
Lot Size
1.70 acres
Year Built
1975
Investment Overview
Marcus & Millichap is pleased to bring to market the Pan Am Building, an International Executive Center in Tampa, FL.
Value-Add (Covered Land) | Residential & Hospitality | Core Tampa
Investment Highlights
- 32,600+ SF Two Story Office Building on a +/- 1.70 AC Lot | Class A Interior Finishes and Large Parking Lot | 65% Leased With Redevelopment Upside
- Located in the Heart of the Westshore Business District | Adjacent to International Plaza Mall in a Dense Office, Retail and Hotel Hub
- 3 Miles From Tampa International Airport Terminals With Easy Access From FL-616 and 5 Miles From Downtown Tampa, Offering Easy Crosstown Commuting
- Positioned Strategically Off of Interstate 275, Just 1 Mile From Exit Ramp
- Strong Demographics: Daytime Population Exceeds 442,000 Within 5-Miles | Average Household Incomes Over $115k Within 3-Miles
- Westshore Market Area Boasts the Highest Asking Office Rates in Tampa, Averaging $37/SF, with Higher-Quality Buildings Reaching $45/SF
- Westshore is The Most Sought-After Office Submarket in Tampa, Leading in Market Demand
- Tax Benefit: Florida offers no state income tax
Exclusively Listed By
Financing By
Office
Value-Add (Covered Land) | Residential & Hospitality | Core Tampa
Listing Price: $8,250,000
Cap Rate
3.72%
Gross SF
32,612
Rentable SF
32,612
Price/Gross SF
$252.97
Lot Size
1.70 acres
Year Built
1975
Investment Highlights
- 32,600+ SF Two Story Office Building on a +/- 1.70 AC Lot | Class A Interior Finishes and Large Parking Lot | 65% Leased With Redevelopment Upside
- Located in the Heart of the Westshore Business District | Adjacent to International Plaza Mall in a Dense Office, Retail and Hotel Hub
- 3 Miles From Tampa International Airport Terminals With Easy Access From FL-616 and 5 Miles From Downtown Tampa, Offering Easy Crosstown Commuting
- Positioned Strategically Off of Interstate 275, Just 1 Mile From Exit Ramp
- Strong Demographics: Daytime Population Exceeds 442,000 Within 5-Miles | Average Household Incomes Over $115k Within 3-Miles
- Westshore Market Area Boasts the Highest Asking Office Rates in Tampa, Averaging $37/SF, with Higher-Quality Buildings Reaching $45/SF
- Westshore is The Most Sought-After Office Submarket in Tampa, Leading in Market Demand
- Tax Benefit: Florida offers no state income tax
Investment Overview
Marcus & Millichap is pleased to bring to market the Pan Am Building, an International Executive Center in Tampa, FL.
Exclusively Listed By
Financing By
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