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Tampa Bay-Lakeland
Business Observer Tuesday, Nov. 23, 2021 3 days ago

Office park sells for 14% over asking price

Sale of Tampa office park a reminder that market remains hot
by: Louis Llovio Commercial Real Estate Editor

TAMPA — An office park in Tampa’s Carrollwood neighborhood has sold for $1.6 million, 14% higher than the original asking price.

The 15,155-square-foot center on N. Dale Mabry Highway is 100% leased, according to Ciminelli Real Estate Services, which represented the seller.

Ciminelli would not disclose the buyer.

What makes the sale of the Bay Lake Center interesting is how it reflects the demand for property in the area.

The center is like dozens that dot one of Tampa’s main commercial thoroughfares. As you drive by it, there is little that sets it apart from any of the others.

But, according to Ciminelli, when the property hit the market it drew 34 offers before finally selling for $200,000 more than the original $1.4 million asking price.

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