Portfolio

Westshore Office Portfolio 2022

Tampa,Rocky Point, FL, US

Westshore Office Portfolio 2022_Property for Sale

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Westshore Office Portfolio 2022 2_Property for Sale

Portfolio description

JLL Capital Markets (“JLL”) is pleased to exclusively offer the opportunity to acquire The Westshore Office Portfolio (the “Portfolio, Properties or Buildings”), a three-building portfolio of 3 and 4-story Class A office buildings located in the Westshore submarket in Tampa, Florida. The Portfolio is 80.7% occupied to a high-quality roster of global and national tenants. The offering is further bolstered by the durability of the tenant base, with a 7.5-year weighted average lease term (WALT). The buildings combine excellent office tenancy with preferred suburban locations, providing convenient accessibility between Hillsborough and Pinellas counties. These complimentary properties provide both excellent yearly cash certainty from high caliber tenants and leasing upside NOI growth in one of Tampa’s most vibrant office submarkets.

Attributes

Building Area
246,900 sf
Occupancy
81.00%
Year built
1995
Land area net
2.00 acres (87,120 sf)
Westshore Office Portfolio 2022 (3 Properties)
Westshore Office Portfolio 2022 (3 Properties)

Investment highlights

  • 68% Nationally Recognized Tenancy
  • 7.50 Year Walt
  • 6% Rollover in Next 6 Years
  • $5M in Recent Capital Improvements
  • Convenient Access to Nearby Westshore Amenities
  • Bright, 2-Story Atrium Lobbies
Westshore Office Portfolio 2022 4_Property for Sale
Westshore Office Portfolio 2022 4_Property for Sale

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Last updated
Jun 7, 2022