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OFFERING MEMORANDUM
5483 W. WATERS AVE, TAMPA
SAGE N. ANDRESS, ALC, CCIM Tampa Director PH: 813-416-4254 [email protected]
Opportunity: Commercial real estate investment opportunity with major, credit worthy long term governmental tenant in the heart of Tampa. The building has undergone major capital improvements with a complete interi-or remodel from the ground up. Excellent return of investment over a ten year term.
Address: 5483 W Waters Ave, Tampa, FL 33634 (easy access to
Veterans Expressway, Anderson Rd and Waters Ave). Central location services all of Tampa Bay within 30 minutes.
Building Features:
• Over 33,684 RSF of office space. 100% leased out with
large, major credit worthy tenant.
• Interior of entire building has been renovated from the
ground up over the past two years.
• 165+/- parking spaces with a 5/1000 parking ratio
• Active POA with minimal annual dues. Other business park
owners include First Industrial and Arcis Realty.
• Located Near Area Restaurants & Shopping. Main bus
line located at the end of Sunstate St. servicing all of
Tampa.
• On-site hotel (Comfort Suites) and on-site school (Creative
World).
Sales Price: $8,200,000 IRR 9+% with Leveraged Position. Major Long Term Credit Tenant on New Ten Year Lease.
OFFERING MEMORANDUM - AERIALS
5483 W. WATERS AVE, TAMPA
LOCATION: 5483 W. Waters Ave, Tampa, FL 33634 PROPERTY TYPE: Multi-Tenant Office Building PRICE: $8,200,000 IRR: 9+% internal rate of return over 10 year term of investment. NOI YEAR FIVE: $650,352 MAJOR CREDIT WORTHY TENANT: Florida Department of Revenue. 10 years remaining on major tenant lease.
RENOVATIONS - Complete building renovations from the ground up on the interior over the past three years. HVAC - Entire building has March, 2016 manufactured Trane 5 ton units manufactured March, 2016. Two HVAC units in the DOR space are manufactured 2018. INSULATION - 24,000 SF DOR space has R-22 spray in foam insulation. Rest of the building has R-30 insulation. FIRE PROTECTION - GENERATOR - DOR RENOVATION - Completed in 2018. Full renovation from the ground up with over $1.6 million in capital improvements. LIGHTING - Space A has all LED lights with occupancy sensors programmed to shut off after 20 minutes of no movement for energy savings. There are photocells in every pe-rimeter room with dimming light fixtures. ROOF - 15 year life span. Inspected by General Contractor: CGC1508766 ELECTRICAL - Entire new interior electrical grid has been in-stalled over the past three years with space A being installed in 2018. The cabling for the voice, data, access control, security, PA system, and lighting control system for Space A comes with a Panduit 25 year warranty and a 1 year MCS labor warranty. Complete Energy Performance Analysis available for Space A upon request. SECURITY - Space A has entire access control FOB system installed in 2018. PAINT - Entire interior of building painted in 2017 and 2018. Space A has new paint as of September, 2018. CARPET - New carpet throughout entire building in 2017 and 2018. Space A has new carpet as of September, 2018. FURNITURE - 78 cubicles purchased in 2018 for large tenant use. PARKING LOT - Entire lot recoated and striped in August, 2018
CAPITAL IMPROVEMENTS INVESTMENT SUMMARY
OFFERING MEMORANDUM - SUMMARY
5483 W. WATERS AVE, TAMPA
PROPERTY INFORMATION BUILDING GROSS AREA: 37,314 SF BUILDING LEASABLE AREA: 33,684 SF LAND AREA: 118,272 SF PARKING: 5/1000 with 165+/- spaces FOLIO: 023877-1024 TAXING: Unincorporated Hillsborough County SUBDIVISION - 89R/Thompson Center Waters CONSTRUCTION: Concrete block with metal roof. ZONING: M (manufacturing) - IND Class 4 FLUM: LI (light industrial) STORIES: One story building YEAR RENOVATED: 2017-2018 full building renovation 2017 TAXES: $38,586.93 OWNERSHIP: PEACHIE LLC
PROPERTY SUMMARY
ENTRANCE TO BUSINESS PARK THOMPSON CENTER MONUMENT SIGN
FRONT OF BUILDING SUITE A - INTAKE AREA
ONE OF 13+ PRIVATE OFFICES—SUITE A SUITE A - LARGE OPEN AREA WITH PODS
SUITE A - LARGE CORPORATE CONFERENCE ROOM SUITE A - CONFERENCE ROOM
SUITE A - LARGE BREAK AREA SUITE A - EXPANDED WORK AREA
SUITE A - RESTROOM FACILITY SUITE E - OPEN FLOOR PLAN W/OFFICES
SUITE N - RECEPTION AREA SUITE
SUITE SUITE
OFFERING MEMORANDUM - DEMOGRAPHICS
5483 W. WATERS AVE, TAMPA
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OFFERING MEMORANDUM - TENANT INFORMATION
5483 W. WATERS AVE, TAMPA
Imperium Data Networks - Imperium Data is a re-seller of IT and Telecommunications products. We firmly believe that the only thing any company has to offer is customer service, as all other technological, electronic, or commercial services can be duplicated or will soon be obsolete.
CALLS FOR OFFERS
PLEASE SUBMIT ALL OFFERS TO: Sunmark Realty, Inc. ATTN: Sage Andress [email protected] PH: 813-416-4254 OWNERSHIP INFORMATION: Peachie LLC ATTN: Gilbert Gonzalez 8510 Sunstate St Tampa, FL 33634 FEI Number: 46-2522518 Owners prefer all offers done on a FAR/BAR Commercial contract with proof of funds and or lenders letter upon submittal of LOI or contract.
PROPERTY SUMMARY:
• 33,684 RSF Building
• Currently 100% leased out.
• Major Long Term, Credit Tenant
• Building completely renovated inside.
• 5:100 parking with over 175 parking spaces.
PRICE: $8,200,000.00 IRR OF 9+%