Tampa Value-Add Portfolio_Property for Sale

Tampa, FL, US, Americas

Tampa Value-Add Portfolio

Portfolio description

Jones Lang LaSalle, Inc. (“JLL”) is pleased to present the Tampa Value-Add Portfolio, a 644-unit portfolio consisting of four properties within close proximity to each other in the city of Tampa, FL. These four properties offer exceptional upside through strategic interior renovations and immediate loss-to-lease recapture. Each asset has been well-maintained with significant recent capital expenditures to each property’s physical plant, leaving them poised for a new owner to capture strong cash flow and the ability to focus future capital on revenue-generating improvements. Boasting in-fill locations insulated from new supply and near Tampa’s main employment centers, these properties offer a rare opportunity to quickly gain scale at an attractive basis within a top-performing market.

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Attributes

Building area gross

53,516 m²

Tampa Value-Add Portfolio (4 Properties)

Media

Investment Highlights

Rare Opportunity: The Tampa Value-Add Portfolio offers a rare opportunity to purchase a 644-unit portfolio of four properties in one of the most resilient and dynamic markets in the nation
Value-Add Potential: Opportunity to create investment upside through value-add strategies and exceptional growth fundamentals within the Tampa market and individual submarkets
Short Term Growth: $290K+ in built-in loss-to-lease through already proven market rents
Well-Maintained Exteriors: Significant property improvements and consistent maintenance/attention to detail throughout all properties
Close Proximity to Each Other: The assets are all located within Tampa and are within close enough proximity to maximize efficiency in management