3709 W Jetton Ave
Tampa, FL 33629
Jetton Office Center · Office Property For Sale


INVESTMENT HIGHLIGHTS
- Secure In-Place Income Stream from Existing Tenant(s)
- $414K of Recent Capital Improvements
- In-Place Contract Rents 25% Below Market Rental Rates
- Future Owner/User Opportunity
EXECUTIVE SUMMARY
CBRE Capital Markets, acting as exclusive advisor on behalf of the Owner, is pleased to offer the opportunity to acquire the 100% fee simple interest in Jetton Office Center (the “Property” or “Building”), a 18,112 SF, boutique office building located within Tampa’s vibrant South Tampa community. Situated on just under an acre outside of South Tampa’s affluent Golfview neighborhood, the Property currently features a 98.4% occupancy across five (5) tenants with a weighted-average lease term (“WALT”) remaining of 2.9 years. Prospective purchasers have the optionality to enjoy current income as they phase future occupancy or continue to drive in-place income as leases roll upon expiration.
Formerly the Tampa Division Office for the American Cancer Society, Jetton Office Center has received significant capital investment under the current ownership. These improvements include common area furniture upgrades, interior and exterior paint, common area restroom and lobby renovations, LED lighting installation, landscaping upgrades, parking lot mill and overlay, new flooring in the hallways, new awnings on all exterior entry doors and the installation of a new security system. The implementation of these improvements paired with the Property’s convenient proximity South Tampa’s vast amenity base resulted in a seamless and rapid stabilization. Furthermore, the Property’s direct access to Dale Mabry Highway and Henderson Boulevard afford timely commute times to key nearby destinations, including the MidTown Tampa (1.6 miles), Hyde Park Village (2.0 miles), Westshore Business District (2.5 Miles), Downtown Tampa (3.0 miles), Sparkman’s Wharf (4.0 miles) and Tampa International Airport (4.0 miles).
Jetton Office Center offers a rare opportunity to acquire a boutique, irreplaceable asset in one of Tampa’s most sought-after communities at a significant discount to replacement cost.
*** PLEASE VISIT CBRE DEAL FLOW SITE FOR MORE INFORMATION ***
Formerly the Tampa Division Office for the American Cancer Society, Jetton Office Center has received significant capital investment under the current ownership. These improvements include common area furniture upgrades, interior and exterior paint, common area restroom and lobby renovations, LED lighting installation, landscaping upgrades, parking lot mill and overlay, new flooring in the hallways, new awnings on all exterior entry doors and the installation of a new security system. The implementation of these improvements paired with the Property’s convenient proximity South Tampa’s vast amenity base resulted in a seamless and rapid stabilization. Furthermore, the Property’s direct access to Dale Mabry Highway and Henderson Boulevard afford timely commute times to key nearby destinations, including the MidTown Tampa (1.6 miles), Hyde Park Village (2.0 miles), Westshore Business District (2.5 Miles), Downtown Tampa (3.0 miles), Sparkman’s Wharf (4.0 miles) and Tampa International Airport (4.0 miles).
Jetton Office Center offers a rare opportunity to acquire a boutique, irreplaceable asset in one of Tampa’s most sought-after communities at a significant discount to replacement cost.
*** PLEASE VISIT CBRE DEAL FLOW SITE FOR MORE INFORMATION ***
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
18,112 SF
Building Class
B
Year Built
1974
Price
$6,000,000
Price Per SF
$331
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,056 SF
Slab To Slab
12’
Building FAR
0.43
Lot Size
0.96 AC
Zoning
RO-1 - Residential Office
Parking
60 Spaces (3.31 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
PROPERTY TAXES
Parcel Number | A-28-29-18-3R0-000001-00004.0 | Improvements Assessment | $441,663 |
Land Assessment | $2,914,937 | Total Assessment | $3,356,600 |