Arbor Shoreline is a beautiful property, featuring mature oaks and landscaping on a 6.75 acre campus. It is comprised of two single-floor and one six-floor office buildings and is accessed from the US 19 Frontage Road North by way of a right-in, right-out access point. There are 253 general parking area spaces in a well-lit parking field with an additional 40 gated, reserved spaces in the ground level area beneath the first floor of the building. 2023 US 19 AADT vehicle counts per FDOT are 125,000 per day. Parking area security could be enhanced by the addition of gates and other structures, providing for more control and security.

Featuring exposed concrete architecture support columns and facades, the three buildings present as a well-coordinated campus layout ideal for corporate or regional headquarters. $1.4 Million has been spent since 2020 on capital projects in the ground floor lobby, bathrooms, and new roofs. Common areas, elevators and landing areas are central to each floor providing for open floor plans with floor to ceiling windows providing natural light throughout each floorplate.

Ownership has considered several options for the asset, including residential conversion, given that most parcels adjacent to or in close proximity to the asset are multi-family properties. Continuing as an office asset, modernization of the rentable SF of the asset will be necessary in order to maximize potential cash flow. With only four other office properties of similar size along this portion of US 19, and demand for office space in Tampa having increased over the last two years, it is reasonable to expect stabilization within 12-18 months.