Cushman & Wakefield introduced that the industrial actual property providers agency has organized the sale of a 161,455-square-foot (sf) workplace constructing positioned at 6550 W Hillsborough Ave. within the Westshore submarket. The ultimate sale worth was $27.3 million, equating to $169 psf.
Cushman & Wakefield’s Rick Brugge, Mike Davis, Rick Colon, and Dominic Montazemi, with assist from Chloe Strada and Zach Eicholtz, represented the vendor within the transaction. Josh Kuriloff, Andy Might, and Nina Fishman of Cushman & Wakefield offered leasing experience.
The property was bought by GTE Wi-fi and purchased by Tom Frederick.
“6550 W Hillsborough Ave. is a top quality and well-located workplace constructing in Tampa’s fascinating Westshore submarket,” stated Brugge, Vice Chair at Cushman & Wakefield. “The property additionally has nice tenancy with sturdy prospects for future success.”
Inbuilt 1999, 6550 W Hillsborough Ave. is a three-story, Class A workplace constructing that was 64% occupied on the time of sale. Options embody a beneficiant 5.5 per 1,000 sf parking ratio, newly renovated café and foyer, health club, and out of doors seating. The workplace constructing affords a value-add alternative by way of the lease-up of all the third ground, which is move-in prepared and outfitted with high-quality workstations.
Along with its on-site options, 6550 W Hillsborough Ave. offers superior connectivity to all of Tampa Bay with direct routes to Interstate 275 and 4, two of the area’s predominant transportation arteries. The workplace constructing can also be ideally positioned inside the thriving live-work-play Westshore submarket, which has skilled sturdy transformation in recent times and is residence to quite a few Fortune 500 firms and authorities tenants together with 15 new house complexes constructed since 2015.