Valencia at Westchase

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the exclusive offering of Valencia at Westchase, an opportunity to acquire a 1990’s vintage value-add community with scale in the high-growth corridor of Tampa, FL. The property is ideally situated nearby significant employment with over 400,000 jobs within a 35-minute commute of the subject and close to major employment hubs such as the Westshore business district (100,000 employees) , the Tampa International Airport (25 million passengers annually) and downtown Tampa (70,000 employees). The property has been owned for 10 years with ownership investing over $3.7M in capital expenditures in first generation upgrades. The property is now primed for modern era renovations with opportunity to renovate 100% of units to achieve a $175 premium. Additionally, there is accretive agency debt that can be assumed with over six years of term left.