Mainlands Office Complex

• Functional Garden-Style Layout – All suites offer first-floor access directly from the parking areas with functional, easily re-leasable layouts that appeal to a broad range of medical and professional users.
• Significant Mark-to-Market Opportunity – In-place rents average below $14.00/SF compared with surrounding comparable rents generally in the high teens to low-$20s/SF. Below-market modified gross leases provide additional upside through future rent increases and conversion to net structures.
• Attractive Basis – Offered at approximately $170/SF versus comparable surrounding properties averaging approximately $210/SF, providing an attractive entry basis well below replacement cost and comparable sales.
• Synergistic Tenant Mix – Complementary medical, wellness and professional-service tenants create a diversified ecosystem of daily-needs businesses serving overlapping patient and customer bases.
• Established Tenant Commitment – Average tenant tenure exceeds five years with several tenants recently renewing and the majority maintaining at least two years of remaining lease term.
• Contracted Rental Growth – Majority leases include annual rent increases, providing investors with built-in revenue growth and a hedge against inflation throughout the hold period.
• Service-Driven Tenancy – Tenants rely on physical space for patient care, client interaction, and professional services, supporting long-term location commitment and reducing exposure to remote work trends.
• Strong US-19 Visibility & Accessibility – Strategically positioned along US Highway 19, one of Pinellas County’s primary north-south corridors with approximately 70,000 vehicles per day, and convenient access to Gandy Boulevard and the Gateway Expressway.
• Favorable Market Fundamentals – The surrounding Pinellas County medical office market benefits from positive absorption and low vacancy, supporting continued demand for existing second-generation medical space.
• Strong Rent Growth – Medical rents throughout the surrounding market have experienced meaningful growth since COVID, supported by constrained supply and the significantly higher cost of new construction versus existing second- and third-generation space.