This property is Off-Market
12470 Telecom Drive
Tampa, FL 33637 ·
170,195 SF · Office For Sale
Riverside at Telecom Park
|Building Size||170,195 SF||Building Class||A|
|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|
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.
- 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
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