This property is Off-Market

12470 Telecom Drive
Tampa, FL 33637 ·

170,195 SF · Office For Sale

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Riverside at Telecom Park

Price N/A No. Stories 5
Building Size 170,195 SF Building Class A
Property Type Office Tenancy Multiple
Property Sub-type Office Building Year Built 1989
Property Use Type Investment Lot Size 16.79 AC
Occupancy 17% Parking Ratio 4.10 / 1,000 SF
Listing ID: 16655080 Date Created: 04/20/2010 Last Updated: 04/07/2011

Description

We have been retained as exclusive advisor for the sale of the Riverside at Telecom Park Office Building, located at 12470 Telecom Drive (the Property ) in Tampa, Florida. The Property is situated in Tampa Telecom Park, a 199-acre corporate business campus located within Tampa' s I-75 Corridor/East Tampa submarket.

The Property consists of a five-story, 170,195-square-foot, Class A office building situated on 16.79 acres along the northern shore of the beautiful Hillsborough River. Tampa Telecom Park is one of Tampa' s largest and most sought after corporate business parks an outstanding mixed-use development featuring Class A office, medical, hotel and retail. The Property features spectacular waterfront views, unique architecture, efficient and flexible floor plates, eight-inch raised flooring throughout, floor-to-ceiling glass and concentric surface parking. This high-quality corporate campus environment possesses the functional core attributes required to enhance long-term value. The Property is currently 17.4% leased to one tenant.

The Riverside at Telecom Park Office Building is located in the heart of the I-75 Corridor/East Tampa office submarket, Tampa' s second largest and one of the fastest growing suburban office submarkets. The submarket is very linear, offering a concentrated mix of primarily Class A and B suburban office product located in a number of corporate business parks situated along Interstate 75. The desirability of this corridor is driven from the vast access to a well educated employment base, numerous regional retail centers, high quality schools and many desirable residential areas. Major corporations that have a significant presence here include Depository Trust and Clearing Corporation, USAA, Progressive Casualty Insurance, Medco Health Solutions, J.P. Morgan Chase, Verizon, Grow Financial Credit Union, LifeLink Foundation and Household Finance Corporation.

Highlights

  • An outstanding Class A office building strategically located along the I-75 corridor
  • Close proximity to Interstate 75 and Interstate 4
  • High-profile improvements ideal for a Fortune 500 corporate headquarters location
  • Efficiently designed complex suited for multi-tenant occupancy
  • Significant discount to replacement cost opportunity
  • Average floor plate size of 35,000 SF easily divided into smaller suites

Research

12470 Telecom Drive, Tampa, FL 33637 (Hillsborough County)

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