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Financial Center 2701 W Busch Blvd

29,214 SF 100% Leased Office Building Tampa, FL 33618 $5,750,000 ($197/SF) 7.03% Cap Rate

Investment Highlights

  • One-of-a-kind two-story office building situated on 2 acres of land, featuring mature oak trees and ample on-site parking.
  • Impressive Net Operating Income(NOI) of ~$400,000, with value-add services including rentable conference rooms and state-of-the-art training facility.
  • 100% occupied, with a diversified multi-tenant rent roll.
  • The Financial Center is conveniently located just 1 mile from N. Dale Mabry and 2 miles from Interstate 275.

Executive Summary

Rare opportunity to acquire a turn-key professional office in the heart of the Carrollwood submarket of Tampa. This property features over 28,000 square feet of tenant space on nearly 2 acres of land. With a near 100% occupancy rate (99.3%) and zero deferred maintenance, this asset would make a great addition to any investment portfolio. Rent roll and financials available upon request.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
29,214 SF
Building Class
B
Year Built/Renovated
1989/2015
Price
$5,750,000
Price Per SF
$197
Cap Rate
7.03%
NOI
$404,225
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,607 SF
Slab To Slab
12’
Building FAR
0.34
Lot Size
1.96 AC
Zoning
PD - Planned Development
Parking
89 Spaces (3.09 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Atrium
  • Controlled Access
  • Conferencing Facility
  • Fenced Lot
  • Security System
  • Wheelchair Accessible
  • Kitchen
  • Storage Space
  • Central Heating
  • Natural Light
  • Partitioned Offices
  • Shower Facilities
  • Drop Ceiling
  • Monument Signage
  • Air Conditioning
  • Fiber Optic Internet
  • Smoke Detector

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Real Estate
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Main Street Renewal is a privately owned and operated company focused on renovating high-quality homes and leasing for affordable prices. They are proudly based in Austin, TX, and serve residents in dozens of markets nationwide, with more coming soon. They utilize a unique model to locate excellent properties and upgrade each home to the Main Street Renewal standard. They lease their homes and manage the properties long-term. Their goal is to provide the best leasing experience through customer care and service. Their residents have access to an online portal where they can pay their bills, request maintenance, and renew their lease. They also offer convenient features like auto-pay to ensure their Residents never miss a payment. Their dedicated Resident Care Specialists are available 24 hours a day, 7 days a week to assist Residents in need of additional support.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Real Estate 99,999 SF $9.99 Lorem Ipsum Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Fl-Ste 225
  • 125 SF
  • Office
  • Full Build-Out
  • Now

Freshly built executive office on the 2nd floor of The Financial Center at the corner of Busch Blvd and Orange Grove Rd. This office at 125 square feet would comfortably accommodate 1 to 2 work stations.

Space Size Space Use Condition Available
2nd Fl-Ste 225 125 SF Office Full Build-Out Now

2nd Fl-Ste 225

Size
125 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 225

Size 125 SF
Space Use Office
Condition Full Build-Out
Available Now

Freshly built executive office on the 2nd floor of The Financial Center at the corner of Busch Blvd and Orange Grove Rd. This office at 125 square feet would comfortably accommodate 1 to 2 work stations.

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
15,389
124,389
315,426
2024 Population
16,814
127,329
323,729
Population Growth '20-'24
9.3%
2.4%
2.6%
2020 Households
6,682
49,587
124,779
2024 Households
7,310
50,862
128,238
Household Growth '20-'24
9.4%
2.6%
2.8%
Average Age
38
40
39
Median Household Income
$53,953
$53,232
$51,645
Daytime Employees
5,725
57,299
188,982
Total Businesses
950
7,676
23,684
College Degree + Higher
32%
25%
26%

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
U-22-28-18-158-000005-00001.0
Land Assessment
$1,176,312 (2023)
Improvements Assessment
$2,160,688 (2023)
Total Assessment
$3,337,000 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 32158698

  • Date on Market: 6/17/2024

  • Last Updated:

  • Address: 2701 W Busch Blvd, Tampa, FL 33618

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