Lakeview Center is a three-story, single-tenant office building comprising 186,309 rentable square feet on 19.3 acres in East Tampa, Florida. Originally constructed in 1984, extensive renovations and modernizations totaling over $3.3M were completed over the past five years. The building (excluding a small 2,426-square- foot deli tenant) is 100% occupied by HealthPlan Services, Inc. through August 31, 2022. The oversized lot also has existing entitlements in place to construct an additional 191,000 square foot office building with the addition of structured parking, which would ultimately provide a parking ratio of 5 spaces per 1000 square feet for each of the two buildings. With rapidly improving market conditions for office, compounded by the strength of local business activity and expansions, a future owner is well-positioned to benefit from Tampa's rising economy. The Tampa region added 29,100 private-sector jobs in 2016 and ranked in the top 20 U.S. metros for economic growth. Additionally, the Tampa MSA ranked as one of the most affordable metros in the U.S., even while office rental rates have now exceeded the all-time highs of 2007 in several submarkets
Recent Capital Expenditures
Capital expenditures over the past five years in excess of $3.3M have been completed. These include a new roof (20-year warranty), elevator modernizations, common area refurbishments and significant tenant improvements. The building also recently received multiple HVAC and redundancy upgrades, including a new Energy Management System (EMS) providing for increased operating efficiencies.
Interstate 4 Frontage, Visibility & Signage
A pole-mounted monument sign provides excellent visibility and exposure for the property in both directions along Interstate 4 (147,000± AADT), which is an attractive feature for tenants and investors alike.
The Fairfield Inn by Marriott is located within walking distance immediately to the north and the Hard Rock Hotel and Casino is located 5 minutes to the west, both providing convenient lodging accommodations for visitors.
|Health Plan Services - WiPRO (WIT)|