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821 1st Ave N
Saint Petersburg, FL 33701
 Frontier Communications · Office Property For Sale

INVESTMENT HIGHLIGHTS

  • Stable Investment with Value-add Component
  • Booming St. Petersburg CBD Submarket
  • Prominent Location & Accessibility
  • Partial Sale-Leaseback Investment Opportunity

PROPERTY FACTS

Property Type
Office
Property Size
229,587 sq ft
Costar Property Class
C
Year Built
1967
Tenancy
Multiple
Number of Floors
6
Typical Floor Size
38,265 sq ft
Plot ratio
4.54
Total Plot Size
1.16 ac
Parking
100 Spaces (0.44 Spaces per 1,000 sq ft Leased)

ABOUT 821 1ST AVE N , SAINT PETERSBURG, FL 33701

821 1st Avenue North is a 229,587 square foot seven-story office and data center building with a five-story attached annex and adjacent surface parking lot. Prominently located in the heart of St. Petersburg CBD, the facility is partially leased to Frontier Communications Corporation (NASDAQ: FTR) and is being sold on an “AS-IS” basis. Upon closing of the transaction, Frontier Communications intends to occupy approximately 52,795 SF of the building through a lease negotiated with the buyer. The remaining 176,792 SF will be available for the new owner to leverage within the market, providing an ideal value-add investment opportunity with a stream of income from a Fortune 500 Tenant.

LINKS

PROPERTY TAXES

Parcel Numbers
Multiple
  • 19-31-17-48654-003-0110
  • 19-31-17-48654-006-0010
 Improvements Assessment £2,596,288
Land Assessment £8,303,726 Total Assessment £10,900,014

PROPERTY TAXES

Parcel Numbers
Multiple
  • 19-31-17-48654-003-0110
  • 19-31-17-48654-006-0010
Land Assessment
£8,303,726
Improvements Assessment
£2,596,288
Total Assessment
£10,900,014
 

  • Listing ID: 17123929

  • Date on Market: 06/09/2019

  • Last Updated:

  • Address: 821 1st Ave N, Saint Petersburg, FL 33701

The Mirror Lake Office Property at 821 1st Ave N, Saint Petersburg, FL 33701 is no longer being advertised on LoopNet.co.uk. Contact the agent for information on availability.

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