Scripps Sale Leaseback – Tampa, FL_Property for Sale
Scripps Sale Leaseback – Tampa, FL_Property for Sale
4045 North Himes Avenue, Tampa, FL, 33607, US

Scripps Sale Leaseback – Tampa, FL

Asset Description

Jones Lang LaSalle, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in The E.W. Scripps Company Absolute NNN Sale-Leaseback at 4045 N Himes Ave (the “Property”), a 78,343 square foot studio facility featuring state-of-the art broadcasting infrastructure, including multiple dedicated studio spaces and control rooms. The Property has been owned and operated by Scripps since its inception in 1995 and serves as the TV station and office for leading local news provider, ABC Action News.


The Property is located less than 10 minutes from Downtown Tampa, one of the country’s fastest growing cities. The Property is conveniently located on N Himes Ave, adjacent to the Raymond James Stadium, home to the Tampa Bay Buccaneers. Additionally, the Property is less than 5 minutes to both I-275 and the Tampa International Airport, providing excellent connectivity to both the country and the rest of the thriving Tampa MSA.

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Attributes

Building area net
7,278 m²
Occupancy
100%
Year built
1995
Land area gross
0 m²

Media

Investment Highlights

  • Long-term, 15-year, net lease with annual base rent increases to protect against inflation
  • Mission-Critical, Specialized Office Facility 100% Leased To One Of The Nation’s Largest Local TV Broadcasters
  • Vibrant and Diverse Local Demographics
  • Strategically located less than a 10 minute drive to Downtown Tampa
  • Optimal absolute NNN lease with zero Landlord responsibility allows for a passive, growing income stream
  • 100% leased to a globally recognized, credit (S&P: B) tenant: E.W. Scripps Company (NASDAQ: SSP)
Scripps Sale Leaseback – Tampa, FL 4_Property for Sale
Scripps Sale Leaseback – Tampa, FL 4_Property for Sale

Contact brokers

Scripps Sale Leaseback – Tampa, FL (0 Properties)

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Last updated
3 Oct 2024