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4600 W Cypress StTampa, FL 33607
Westshore Square
Asset ClassOffice
EXISTING OFFICE WITH APPROVED MIXED-USE DEVELOPMENT POTENTIAL - OFFERS DUE: 9/4
overview of deal

Overview

On behalf of the Owner, Colliers, as exclusive advisor, is pleased to present the opportunity to acquire Westshore Square, located at 4600 W. Cypress St., Tampa, FL 33607 (the “Property”). The Property features an existing 5-story Class B suburban office building totaling ± 57,413 rentable square feet (“RSF”). Situated within the highly sought-after Westshore submarket, the Property sits on ± 2.6 acres with prominent visibility from I-275 and immediate connectivity to Tampa Bay’s major roadways and Westshore’s highly desirable live, work and play environment.

 

Originally developed in 1976, Westshore Square features a 5-story, multi-tenant office building 49% leased to nine (9) customers with approximately 2.3 years of W.A.L.T. remaining. The Property has a timeless design and has been exceptionally well maintained by the current Owner, Highwoods Properties. With ample concentric surface parking, a fully operational bank drive-thru, one of the most visible billboards in the entire Tampa Bay area, and a recent rezoning by Highwoods allowing for up to two 10-story buildings and a total 270,000 SF of mixed-use redevelopment potential, Westshore Square offers a future owner multiple paths for long-term success.

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Investment Highlights

  • Irreplaceable Location in Tampa’s Premier Live, Work and Play Environment
  • Value-Add Office with Generational Redevelopment & Upside Potential
  • A Covered Land Play, a Discount to Replacement Cost, and a Low Risk/Manageable Deal Size Wrapped in One Tremendous Opportunity
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4600 W Cypress StTampa, FL 33607

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Listing provided by Revere CRE