Actual 8% Cap Rate, High Profile Low Rise in Downtown Tampa

501 N. Franklin Street/ 300 E. Madison Street, Tampa, FL
2008 total gut & renovation of Centurion Center space. Like new common areas, lobby, and ADA-compliant bathrooms. First floor is lobby and street-level retail. Second and third floors are executive office suites, including conference room, board room, classroom, and events room. Mezzanine has employee breakroom and bathrooms. |
Prime, prominent corner building on Gaslight Park at the intersection of Franklin and Madison. At the center point of Downtown Tampa’s CBD. |
20,466SF Gross (MOL) |
Westshore Pizza has a 3-year lease at $31/SF NNN on first floor;
Centurion Center has a 10-year lease of 18,000 SF on first, second, & third floors at $28,000/month modified gross |
$4,390,000 |