Lakeview Office Center is an 187,992 square foot Class B office building located in the I-4/East Tampa submarket. The property had been well maintained, with recent capital upgrades to elevator cabs, mechanical systems, new roof system, parking lot resurfacing, lobby renovations and general business park improvements. Lakeview Office Center was built in 1984 and sits on a total 19.31 acres with approximately 5 acres available for development. The site has a parking ratio of 5.9 per 1,000 square feet. The roof was replaced in 2013 and has a warranty ending in 2033. The main lobby was renovated in 2011 along with an elevator modernization project completed in January 2012. In 2014, HealthPlan Services expanded into 29,000 square feet which increased occupancy from 85% to 100%. Subsequently, Health Plan Services has continued to expanding by another 60,000 square feet as other tenants’ leased expired.
Lakeview Office Center was the winner of the BOMA Greater Tampa Bay 2013 TOBY Award to honor Outstanding Commercial Real Estate Office Properties in the 100,000 – 249,000 square feet category. Harvard Pacific provides full service Property Management, Project Management and Accounting Services for Lakeview.
[table] Property Type*OfficeBuilding Size (gross)*187,992sf
Acquisition Date*3/14/2014
Acquisition Occupancy*85%
Current Occupancy*100%
2015 Projected NOI*$1,142,000
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