- For sale
On behalf of the Owner, Colliers, as exclusive advisor, is pleased to resent the opportunity to acquire the Offices at Park Place, located at 73-93 Park Place Blvd., Clearwater, FL (the “Property”). The Property consists of three (3) office/ medical buildings totaling ± 61,421 rentable square feet (“SF”). Situated within Florida’s rapidly growing Pinellas County market, the Property sits on ± 7.39 acres and is conveniently located right off one of Tampa Bay’s major North-South transportation arteries, US Highway 19 (117,000 cars per day) within 1 mile of Gulf to Bay Blvd. (SR60) / Courtney Campbell Causeway (59,500 cars per day).
Built in 2008, 2010, and 2017, the Offices at Park Place consists of two (2) single-story office/medical buildings and a 2-story office building, collectively 100% leased to seven (7) tenants with a W.A.L.T of ±5 years. The U.S. Government (FBI) and medical users (Advance Surgical Care / Optimal Performance Physical Therapy) comprise 41% of the Property’s SF. The U.S. Government carries AA+ (S&P) and AAA (Moody’s) investment-grade credit ratings. In 2019, The FBI extended their lease by 15 years (13 years of firm term) confirming their long-term commitment to this location. The Property features ample surface parking with a ratio of approximately 4 spaces per 1,000 SF. Offices at Park Place offers a unique, stabilized investment opportunity with value-add and upside potential.