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JOHN F. GERLACH CCIMVice President | Investments Office: 727 442 7184 Email: [email protected]
PHOTO PROPERTY OF COLLIERS INTERNATIONAL
International MallTampa International Airport
Westshore Plaza
W. SPRUCE STREET W. BOY SCOUT BLVD.
N. WESTSHORE BLVD.
W. KENNEDY BLVD.W. KENNEDY BLVD.
MEMORIAL HIGHWAY
Tampa Bay Florida
JOHN F. GERLACH CCIMVice President | Investments Office: 727 442 7184 Email: [email protected]
WESTSHOREWestshore is the strongest and most desirable market in Tampa Bay. Centrally located, Westshore is convenient for employees who commute from all over the Tampa Bay region and enjoy working within walking distance or a quick drive to some of Tampa’s best restaurants and shopping venues thus making this Tampa Bay’s largest employment center.
Located near the world-renowned Tampa International Airport and world-class hotels, Westshore has long been Tampa Bay’s premier business district. In addition to being one of Florida’s top employment centers, Westshore provides fantastic amenities including restaurants, shopping, sports and easy access to Interstate 275 and major bridges that lead to other areas in the city.
With the increasing trend of employees wanting to live near the office, it’s no surprise that more people are calling Westshore home. Nearly 2,000 residential units have opened since 2009, and more than 1,700 are currently planned or under construction.
SOURCES: Tampa Bay Times “Submarket Spotlight: Tampa’s Westshore District”, 7/8/2016 Tampa Bay Times “Tampa’s Westshore area continues to sizzle in retail sales, real estate and hotels”, 4/19/2016
Address: 100 North Westshore Boulevard Tampa, FL 33609
Property Type: Bank/office building with detached 6-lane drive-through facility
APN #: A-20-29-18-3KU-000001-0013.0
Office Building SF: Gross SF: 20,217± Rentable SF: 18,556±
Drive-Through SF: 645± SF with 6 banking lanes
Year Built: 1998
Floors: Office building: 2 Drive-through: 1
Lot Size: 1.957± acres (85,266± SF)
PROPERTY & INVESTMENT HIGHLIGHTSOUTSTANDING MARKET POSITIONING Westshore is one of the largest and most successful office/retail markets in Florida. The fact that the subject property contains 1.957± acres on the premier northwest corner of Westshore Boulevard and Kennedy Boulevard is a significant asset to the investment value of the property.
LONG-TERM, CREDIT TENANT The tenant, Bank of America, is one of the largest multinational banking and financing services corporations in the country. Moody’s 2017 credit rating for Bank of America is BAA 1.
HIGH-END OFFICE FACILITY WITH DRIVE-THROUGH Building is institutionally owned and kept in excellent condition.
HIGHLY EXPOSED CORNER WITH EXCELLENT ACCESSIBILITY Property is located at a signalized intersection with a several points of access.
CLOSE TO MAJOR ROADS, INTERSTATES, AIRPORTS AND SUPPORTING SERVICES The number of major roads, access to Interstate 275 and supporting services are extensive.
LAND VALUE The value of the land and location provides investment protection beyond the value of the lease.