CALL FOR OFFERS DATE: April 11, 2025
RIPCO Real Estate is pleased to offer for sale University Professional Center, a ±101,173 square-foot office property strategically located across from the University of South Florida in Tampa. The building features a diverse mix of medical and professional office tenants, with USF as a major occupant. Recent long-term lease agreements reflect strong demand, contributing to an average weighted average lease term (WALT) of nearly four years. The property is located within 1 mile of 3 of the 5 largest medical centers in the Tampa MSA, including AdventHealth, USF Health, and Moffit Cancer Center. The property benefits from a high-density surrounding population, proximity to major medical centers, and a scarcity of competing office space in the immediate area. Additionally, the asset has undergone multi-million dollar aesthetic enhancements and is professionally managed and well-maintained.
This offering presents an attractive opportunity for investors seeking a stable office asset with upside potential. Investors can capitalize on the remaining 10% vacancy lease-up or explore the potential for student housing redevelopment in the future.