KI Florida Fund (along with a handful of co-investors) has officially acquired North Florida Avenue (“NFLA”), a 28K sq. ft. office building in Northwest Tampa. Located a half-mile from the Bearss Avenue exit on I-275 at 15316 N. Florida Ave, NFLA is just a mile from Avila, one of Tampa’s most exclusive gated communities and home to many of the area’s successful CEOs, professional athletes, entertainers and entrepreneurs.
The impressive structure was originally built in 1994 to serve as the lavish corporate headquarters of NCO Financial. The tenant vacated several years ago, and the property subsequently fell into disrepair under its previous ownership. Kennedy Investments acquired the building for cash and is currently undertaking a seven-figure renovation that will include replacing the building’s roof, its extensive skylight system as well as overhauling the HVAC systems and controls and performing cosmetic and exterior renovations throughout the property.
The building renovation project is expected to be completed in early 2019, and we are actively seeking a tenant or buyer for the finished project. For additional photos and more information about the property, please contact Kenny Anderson or John Milsaps of SVN at the following links:
For more information about KI Florida Fund or investing with Kennedy Investments, please contact Darren Wilson using the contact form on this website.