Kennedy best Investments in Florida Acquires Jetton Office Building

Ajohanr4019 Jul, 2021Finance

Kennedy best Investments in Florida is proud to announce our acquisition of an 18K sq. ft. suburban office building in Tampa on August 11th, 2020. Located at 3709 W. Jetton, next to South Tampa?s desirable Palma Ceia & Golf View neighborhoods and just one block from Dale Mabry Boulevard, the 2-story concrete block building sits on one acre with ample parking and access from either Jetton or Morrison. Inside, the building has floor-to-ceiling windows which provide ample light, and a two-story atrium flanked by large conference rooms, renovated break areas, spacious offices, and partitioned cubicle spaces. A well-known non-profit listed the building for sale after 30 years of ownership. The building was well maintained and in good condition benefiting from a recent roof replacement and exterior repainting. With an all-cash offer of $3M ($166/sf) and expeditious due diligence, Kennedy Investments was able to beat out several other bidders and close the deal in less than a month.