Colliers, as exclusive advisor, is pleased to introduce the Turtle Creek and Cross Bayou Portfolio located in the heart of Pinellas County, Florida. These renowned business parks provide for a multitude of suite sizes, various loading configurations (grade-level and dock-high), above-market parking ratio, proximity to the St. Pete/Clearwater International Airport, and nearby amenities that enhance employee recruitment and retention.
Offered Free and Clear: The Portfolio would be offered free and clear of existing financing, providing future ownership great flexibility in leveraging returns using today’s historically low floating or fixed rate debt instruments.
Isolated Ecosystem: Pinellas County functions as a ecosystem within the Greater Tampa Bay MSA, enabling a predicable forecast of demand profiles and economics.
High Quality Tenancy: The Rent Roll provides an investor with a diverse set of Tenant industries, coupled with staggered lease roll averaging 12.4% roll over the next three years..
High Barriers to Entry: Located in the most densely populated county (Pinellas) within the state of Florida, the Portfolio benefits from having a competitive set with limited alternative like-kind assets creating long term, predictable growth in rents.
Varied Functionality: The Portfolio’s functionality is highlighted by providing Tenants with various loading options (dock and grade), varied suite compositions (low and high office compositions), and major road thoroughfare visibility.
Coveted Small Bay Product: Arguably the most desirable asset class across the CRE spectrum, the Portfolio provides a future investor with suite sizes ranging from 1,075 SF up to 12,417 SF.