University Business Center I & II — Sale in Tampa, FL

  • Price: $325
  • Listing type: For sale
  • Asset type: Office
  • Location: Tampa, FL 33612
  • Size: 1,000 SF

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Description

Jones Lang LaSalle ("JLL") is pleased to present the exclusive opportunity to acquire University Business Center I & II (the "Property"), a strategically positioned 109,688 square foot flex portfolio comprising two buildings in the rapidly transforming Uptown Tampa in the Northeast Tampa submarket. The Property delivers an exceptional 97.6% occupancy with a 2.3-year Weighted Average Lease Term (WALT) and 6.7-year Weighted Average Tenant Tenure (WATT). Built in 1988, the Property features a 4.0 / 1,000 SF parking ratio and represents a rare opportunity to acquire a flex asset at a significant discount to replacement costs in one of Tampa's fastest-growing corridors. University Business Center I & II is situated on an infill site with high barriers to entry that benefits from proximal access to major transportation routes, including Hwy 582, I-275 and I-75, connecting the Property to the surrounding area's rooftop growth and downtown Tampa in 30 minutes. The Property also offers prime positioning at the epicenter of Tampa's thriving healthcare corridor, strategically situated within a two-mile radius of three major hospital systems. The Property's location directly adjacent to the University of South Florida campus, one of America's fastest-growing universities, provides direct access to emerging talent and positions the asset to benefit from ongoing university-driven development and institutional expansion. With over 30 dining options, retail services, and entertainment venues in the immediate vicinity, the Property provides tenants with a robust amenity base. The Property's diverse tenant mix spanning technology, medical, and engineering users reflects the versatility of its infrastructure and adaptable floor plans, with medical tenants comprising approximately 32% of occupied RSF, underscoring the asset's strong alignment with the surrounding healthcare ecosystem. Strong leasing momentum since 2024 demonstrates continued market demand, with 58,525 square feet of

Market Context

This office in Tampa, FL is listed for sale at $325 across 1,000 SF. Compare it against other office listings for sale in Tampa, FL — view the full market.

As of Q1 2026, the Tampa office market showed an 18.2% vacancy rate, and average asking rents near $30.61/SF/yr. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Tampa office market tightening or softening?
Vacancy is around 18.2% (Q1 2026).

Estimated Price per SF

$105.16/SF – $764.83/SF

Mid: $318.68/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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