10101 Dr St. Petersburg, FL 33716
- Office Properties & Spaces
- 88,447 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 10101 Dr
- Year built
- 1987
- Property size
- 88,447 SF
- Property type
- Office Properties & Spaces
Description
This exceptional Class A executive office building, The Point at Gateway, is located at 10101 Dr Martin Luther King Jr, St. Petersburg, FL 33716, in Pinellas County. The property boasts a total of 88,447 square feet, currently 100% occupied under a single tenancy agreement. Built in 1987 and extensively renovated in 2018, this building offers a modern and efficient workspace. Situated on a 6.195-acre lot, it provides ample parking with a ratio of 4.5 spaces per 1,000 square feet. The building's prime location within the Gateway submarket places it in the heart of one of the Southeast's most dynamic and desirable office locations. This area is a significant economic driver for Pinellas County, exhibiting a remarkably low Class A vacancy rate of only 1.8%, and a robust employment base exceeding 60,000 individuals. The Gateway submarket also commands the second-highest average Class A rents among Tampa's suburban markets, second only to Westshore. This strong market performance is further supported by significant recent multi-family development, with seven new Class A projects totaling 2,141 units constructed in the last four years. This property represents a rare opportunity to acquire a fully leased, high-quality asset in a thriving and highly sought-after location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.6537
- Latitude
- 27.8757
