Tampa - Beach Property For Sale #2873697

Seller will consider buying down an interest rate! For sale to an owner/user or investor is this pristine Westchase area office building located at 6911 Pistol Range Road in Tampa. Sellers will also consider leasing 8,527 SF of space with 23 offices for $26 PSF. The building encompasses approximately 13,752 square feet and includes 3 leased, income producing tenant suites totaling +- 5,225 SF plus a 1 1/2 story office suite of +- 8,527 SF, currently operated as CitySpace executive office suites and co-work office space. The building is 85% leased as of 02/01/23, which includes the executive offices (4,829 SF of common area in the CitySpace is not counted in the 85% and would otherwise be rentable to a single tenant as additional workspace). All Executive Office leases are Month to Month and could be renewed or terminated for an owner/user or Lessee to occupy the 8,527 SF space (terminated with 30 days' notice). The owners formerly operated their real estate firm along with CitySpace in the building's east side since 2016. This is a rare turnkey opportunity for an existing executive office/coworking business to expand into an exquisitely designed modern industrial office with built in clientele and infrastructure. A Matterport 3D virtual tour of the property is provided within the OM.

From the moment you enter the impressive CitySpace lobby with its 22' ceiling, you will appreciate how the lighting, furniture, artwork and architectural elements combine to create a stunning modern industrial design. The two entrance lobbies and private kitchen provide a buyer the flexibility to use all or a portion of this incredible office space for their business and scale up or down as needed. Furnishings, artwork and equipment are available, offering a unique turnkey office and/or business opportunity. This showpiece office space is perfect for a variety of professional firms including architectural, law, technology, engineering, design and more.

Optimally located in the Westchase gateway market between Tampa and Pinellas County, the office is a quick 15-minute drive to TIA and less than 30-minutes to downtown Tampa. The popular bedroom community of Trinity in Pasco County is an easy 30-minute drive via East Lake Road and the world-renowned Clearwater Beach is just 18 miles away.

The office has two ingress/egress points from Hillsborough Avenue and is adjacent to many daily needs and lifestyle retailers across Pistol Range Road including Target, PetSmart, ABC Liquors, Orange Theory, Starbucks, Supercuts, and Planet Smoothie. Restaurants nearby include Zaxby's, Earl of Sandwich and T.G.I. Friday's. Esporta Fitness, Cody's Roadhouse and Westshore Pizza are just a half mile away on Hillsborough Avenue.

HIGHLIGHTS: 3 leased tenant suites on building's west side with 2 extensively plumbed for medical use

4th suite of +-8,527 SF in 1.5 stories, operating as executive offices and co-work office space with only 7 executive offices vacant (1,384 SF). Continue exec office operation, lease the space, or use all/portion of the +- 8,527 SF for your business

Large pylon sign with six tenant signage slots

2023 Expected Gross Rental Income from 3 tenant suites: $119,119

2023 potential Rental Income with current executive office/co-work pricing: $385,300

Exposed ductwork, steel structural beams, wood beams

Interior glass walls/doors, sidelights, and plentiful windows

Security system / cameras