Hillsborough County Office Sales Report | July 2019
Historical report: July 2019. This report summarizes the supplied Hillsborough County office sales log. These historical figures do not reflect current property values or a verified complete record of all sales.
Hillsborough County Office Sales: July 2019
The July 2019 sales log contains 19 entries totaling $252,231,000, with a combined reported building area of 775,242 square feet.
Two Delaney Creek Boulevard transactions, reported at $106 million and $93 million, accounted for approximately 78.9% of the listed sales volume.
Sales Summary
| Metric | July 2019 |
|---|---|
| Listed Sales Entries | 19 |
| Total Sales Volume | $252,231,000 |
| Reported Building Area | 775,242 SF |
| Average Sale Price | $13,275,316 |
| Combined Sales Volume / Building SF | $325.36 |
| Average of Individual Listed Prices/SF | $246.40 |
The $325.36 figure is calculated by dividing total listed sales volume by total reported building area. The $246.40 figure gives equal weight to each entry’s listed price per square foot. These measures answer different questions and should not be used interchangeably.
Largest Reported Sales
- Delaney Creek Boulevard, Tampa: $106,000,000 for a reported 268,924-square-foot property on 16.26 acres, built in 2015. The listed price was $394.16 per square foot.
- Delaney Creek Boulevard, Tampa: $93,000,000 for a reported 252,052-square-foot property on 8.54 acres, built in 2018. The listed price was $368.97 per square foot.
- Independence Parkway, Tampa: $29,400,000 for a reported 136,678-square-foot property, producing a listed price of $215.10 per square foot.
The highest listed price per square foot was $747.77 for the Highway 41 entry in Lutz. That entry reported a $335,000 sale and only 448 square feet of building area, making verification of the property and transaction details particularly important.
July 2019 Office Sales Log
Address limitation: Street numbers were missing from every entry in the original table. Street names are reproduced below as supplied; these are not complete property addresses.
On smaller screens, swipe horizontally to view all columns.
| Street — Number Not Supplied | City | ZIP | Acres | Year Built | Building SF | Sale Date | Sale Price | Price/SF |
|---|---|---|---|---|---|---|---|---|
| Bloomingdale Ave | Valrico | 33596 | 0.11 | 2006 | 2,544 | 7/16/2019 | $390,000 | $153.30 |
| Habana Ave | Tampa | 33609 | 0 | 1991 | 2,211 | 7/31/2019 | $720,000 | $325.64 |
| Bayshore Blvd | Tampa | 33629 | 0.36 | 2001 | 6,500 | 7/30/2019 | $2,500,000 | $384.62 |
| Franklin St | Tampa | 33602 | 0.14 | 1910 | 10,815 | 7/25/2019 | $2,450,000 | $226.54 |
| Independence Pkwy | Tampa | 33634 | 1.92 | 1989 | 136,678 | 7/22/2019 | $29,400,000 | $215.10 |
| Dr Martin Luther King Jr Blvd | Tampa | 33603 | 1.06 | 1966 | 10,504 | 7/15/2019 | $2,400,000 | $228.48 |
| Hoover | Tampa | 33634 | 0 | 1980 | 2,349 | 7/12/2019 | $242,000 | $103.02 |
| Oak Ave | Tampa | 33602 | 0.23 | 1907 | 3,540 | 7/11/2019 | $595,000 | $168.08 |
| Busch Blvd | Tampa | 33618 | 2.27 | 1989 | 25,190 | 7/10/2019 | $3,250,000 | $129.02 |
| Delaney Creek Blvd | Tampa | 33619 | 8.54 | 2018 | 252,052 | 7/2/2019 | $93,000,000 | $368.97 |
| Delaney Creek Blvd | Tampa | 33619 | 16.26 | 2015 | 268,924 | 7/2/2019 | $106,000,000 | $394.16 |
| Virginia Ave | Tampa | 33607 | 0.47 | 1989 | 8,593 | 7/1/2019 | $1,600,000 | $186.20 |
| Dr Martin Luther King Jr Blvd | Tampa | 33603 | 0.46 | 2003 | 4,279 | 7/1/2019 | $679,000 | $158.68 |
| Upper Creek Dr | Ruskin | 33573 | 3.32 | 2000 | 32,120 | 7/16/2019 | $7,250,000 | $225.72 |
| 301 Hwy | Riverview | 33578 | 0 | 2007 | 1,250 | 7/12/2019 | $210,000 | $168.00 |
| Crystal Grove Blvd | Lutz | 33548 | 0.06 | 2004 | 2,400 | 7/31/2019 | $375,000 | $156.25 |
| 41 Hwy | Lutz | 33549 | 0.26 | 1954 | 448 | 7/17/2019 | $335,000 | $747.77 |
| Dale Mabry Hwy | Lutz | 33558 | 0.07 | 2007 | 3,000 | 7/12/2019 | $530,000 | $176.67 |
| Robertson St | Brandon | 33511 | 0 | 1973 | 1,845 | 7/23/2019 | $305,000 | $165.31 |
| Total of 19 Listed Entries | 775,242 | $252,231,000 | ||||||
Putting the Results in Context
The two Delaney Creek Boulevard entries dominate the reported sales volume. Consequently, the average sale price does not describe a typical smaller office building or individual office unit.
The original introduction referenced 20 transactions, but the supplied table contains 19 entries. Those 19 sale prices sum to the stated $252,231,000 total, so this version uses the table count.
Missing street numbers limit the usefulness of these entries as individual sales comps. Complete addresses, property classifications, building areas, and transaction circumstances should be verified before using any entry for a property valuation.
Source: John Milsaps’s original July 2019 Hillsborough County office sales compilation. Summary calculations above use the 19 supplied entries. Individual records have not been independently reverified. Zero acreage entries do not establish that a property has no associated land.
Discuss Your Office Property’s Value
Considering selling an office or medical office property in Hillsborough, Pinellas, or Pasco County? Learn more about selling commercial office space, or contact John Milsaps to discuss relevant sales and your property’s position in the market.