5524 W Cypress St 26,078 SF Office Building Tampa, FL 33607 $11,900,000 ($456.32/SF) 6.80% Cap Rate

This 26,078 SF office property is located in the Westshore Business District, Tampa’s premier office market, just minutes from some of the region’s top shopping, restaurants, and entertainment. The property offers abundant 10 per 1,000 SF parking, outstanding signage and visibility, and convenient access to major highways, as well as Tampa International Airport.
The existing office area is currently leased by the Department of Homeland Security through July 2027 with a one-year extension option potentially extending through July 2028. Located on 3 acres and offered at a 6.8% cap rate, the property has attractive intermediate cash flow with a variety of potential future uses, including redevelopment.
In addition to the existing office building, the site contains approximately 3 acres of vacant land with retention already in place. The land is currently leased on a month-to-month for offsite airport parking. In combination with the office portion, up to 6 acres can be made available for mid-term redevelopment.
The office and land components may be purchased separately ($8.45M and $3.45M, respectively) or in combination ($11.9M). Please see the Offering Memo for additional information.