Parc Centre Tower | Value Add | 125,262 RSF
Office | 125,262 SqFt
Marketing description
Franklin Street is pleased to present Parc Centre, a 12-story, 139,767 SF office building located in the East Tampa submarket of Tampa Bay. The Property offers investors the opportunity to increase occupancy and cash flow through the lease up of existing vacancy while benefiting from a well-established location within one of East Tampa's primary commercial corridors.
Currently 63.18% occupied, Parc Centre serves tenants throughout Brandon, Valrico, Bloomingdale, Fish Hawk Ranch, and eastern Hillsborough County. The Property is positioned to capture demand from businesses seeking convenient access to the area's growing residential population, workforce, and surrounding business community.
Parc Centre benefits from excellent regional connectivity via Interstate 75, U.S. Highway 301, and State Road 60, providing direct access throughout the Tampa Bay region. Downtown Tampa is approximately 12 minutes west of the Property, while Tampa International Airport, the Westshore Business District, and other major employment centers are within a short drive.
The Property is surrounded by numerous retail, restaurant, and service amenities, including Brandon Exchange, Brandon Town Center, Regency Square, and The Plaza at Brandon Town Center. Combined with ample parking, strong visibility, and convenient access to major transportation corridors, Parc Centre offers investors a well-located office asset with meaningful leasing upside in a mature and established submarket.
Investment highlights
- 12-story office building totaling approximately 125,262 SF within the East Tampa office submarket
- Opportunity to increase occupancy and cash flow through the lease up of existing vacancy
- Recent capital improvements include renovations to common areas, lobby upgrades, roof replacement, HVAC improvements, and exterior enhancements
- Offered at a basis well below replacement cost
- Diverse tenant roster with a mix of traditional office, executive office, and professional service users
- Direct access to Interstate 75, Interstate 4, the Selmon Expressway, and U.S. Highway 301
- Located approximately 12 minutes from Downtown Tampa and within convenient reach of the Westshore Business District and Tampa International Airport
- Surrounded by numerous retail, restaurant, hotel, and entertainment amenities, including Brandon Exchange, Brandon Town Center, and Seminole Hard Rock Tampa
- Approximately 428 parking spaces providing a competitive parking ratio for the submarket
- Flexible floor plates and available suites capable of accommodating a variety of tenant sizes and space requirements
- On-site amenities include a fitness center, conference facilities, professional management, and 24-hour building access
- Destination Location, positioned within a mature commercial corridor serving Brandon, Valrico, Bloomingdale, Fish Hawk Ranch, and eastern Hillsborough County
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