MIAMI—It’s a small deal with potentially big implications for Tampa’s government employee base. The former Rasmussen College campus has traded to an Orlando private investor for $1.055 million.
Located at 2127 Grand Boulevard in Holiday, FL, Commercial Asset Partners Realty (CAP) brokered the sale of the 22,814-square-foot professional office property. The former college campus sits on 4.77 acres.
CAP broker-owner Heidi Tuttle-Beisner, represented the seller, Freedom Properties. Steven Silverman of Tampa Commercial Real Estate represented the buyer, Orlando LLC.
“This property met the square-footage and parking requirements the buyer was looking for,” says Tuttle-Beisner. “He also wanted a free-standing building, so between those three criteria, this property was a good fit for his needs.”
Built in 1972, the 20,854-square-foot main building has a 6,000-square-foot second floor in shell condition. The property, which had been vacant for almost two years, also includes a 1,960-square-foot annex building.
The Florida Department of Revenue and Florida Child Support Enforcement are expected to move into the space as tenants late next year after the build out is complete. Tuttle-Beisner and Silverman initially connected on the opportunity at a Florida Gulfcoast Association of Realtors meeting. Tuttle-Beisner called the deal “a good example of the value of participating in industry organizations and building relationships with peers.”