11945 North Florida Avenue, Tampa, FL 33612

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Bob Z.

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Building Details:

• Year Built: 1988

11945 North Florida Avenue is aretail property for lease in Tampa, FL.

This is a vacated Auto Dealership. It is comprised of a showroom area (9,476 s.f.); a shop area with lifts and parts (17,274 s.f.); parts area with mezzanine (8,592 s.f.); shop mezzanine (684 s.f.); outside tank areas (320 s.f.); canopy area (3,650 s.f.); paint shop with canopy (1,842 s.f.); used car sales building (936 s.f.) Office and waiting room under the parking lot (6,800 s.f.) and the parking garage for estimated 375 cars (131,631 s.f.)

Buildings are sound and were redone in 2008. However they have been vandalized and estimated costs to repair and replace is about $1,000,000.
The garage itself cost over $6M to build according to discussions with various people. Over $12M was the financing but it originally was $9M according to lender reps. Basically the price is based on land value at a little less than $400,000 per acre.

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