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Bisk Business Center 9417 Princess Palm Ave 69,637 SF Office Building Tampa, FL 33619 $9,475,000 ($136.06/SF)
Investment Highlights
- Exceptionally maintained corporate campus
- Functional, efficient design specifications
- Prominent East Tampa/ I-75 Corridor location
- Steep discount to replacement cost
- Best in class corporate park
Executive Summary
Foundry Commercial’s Investment Advisory Group, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in 9417 Princess Palm (the “Property” or “Building”), a two-building, 69,637 square foot single-story office/flex campus strategically located within one of Tampa’s most widely recognized business parks - Sabal Park. The Property features excellent transportation dynamics with nearby access to Interstate 75, U.S. Highway 301 and Interstate 4 – three of Tampa Bay’s most critical transportation arteries serving the greater region.
Originally built in 1985, this exceptional property has been owned and occupied by Bisk Education (“Bisk”) since 1994, having served as their global corporate headquarters. With the Buildings featuring no interior common areas, future occupiers can take full advantage of their premises within the Property (i.e., useable SF = rentable SF). The Property features a classic brick veneer exterior with tinted glass window systems and an outstanding above-market parking ratio of 5.1 per 1,000. The building’s functional design offers flexible space planning capabilities and can accommodate the full range of occupier footprints.
These physical attributes paired with the Property’s irreplaceable location and business campus setting appeal towards occupiers requiring reasonably priced, functional workspace. 9417 Princess Palm presents an exceptional opportunity to acquire high-quality, flexible workspace featuring unrivaled location dynamics and efficient design specifications at a price point well below replacement cost.
Originally built in 1985, this exceptional property has been owned and occupied by Bisk Education (“Bisk”) since 1994, having served as their global corporate headquarters. With the Buildings featuring no interior common areas, future occupiers can take full advantage of their premises within the Property (i.e., useable SF = rentable SF). The Property features a classic brick veneer exterior with tinted glass window systems and an outstanding above-market parking ratio of 5.1 per 1,000. The building’s functional design offers flexible space planning capabilities and can accommodate the full range of occupier footprints.
These physical attributes paired with the Property’s irreplaceable location and business campus setting appeal towards occupiers requiring reasonably priced, functional workspace. 9417 Princess Palm presents an exceptional opportunity to acquire high-quality, flexible workspace featuring unrivaled location dynamics and efficient design specifications at a price point well below replacement cost.
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- Offering Memorandum
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
69,637 SF
Building Class
B
Year Built
1985
Price
$9,475,000
Price Per SF
$136.06
Tenancy
Single
Building Height
1 Story
Typical Floor Size
69,637 SF
Building FAR
0.26
Lot Size
6.12 AC
Zoning
M - Manufacturing (Hillsborough County)
Parking
322 Spaces (5.1 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Signage
- Kitchen
- Storage Space
- High Ceilings
- Natural Light
- Open-Plan
- Partitioned Offices
- Plug & Play
- Outdoor Seating
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | U-07-29-20-28C-000003-00002.0 | Improvements Assessment | $9,486,800 |
| Land Assessment | $100 | Total Assessment | $9,486,900 |
Property Taxes
Parcel Number
U-07-29-20-28C-000003-00002.0
Land Assessment
$100
Improvements Assessment
$9,486,800
Total Assessment
$9,486,900
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