Lease_Confirmation_Statement.pdf

This is a Lease Confirmation Statement related to the City of Tampa's disposition of real property located at 411 North Franklin Street, Tampa, Florida 33602, which includes the Tampa Police Department Headquarters and parking garage. The document outlines the existing tenant leases that the successful property purchaser will assume upon acquisition. Two current tenants occupy the Property: Dan Hayman Jewelers, Inc., occupying 733 square feet in the northwest corner of the first floor of the main structure under a month-to-month lease at $1,553.43 monthly, and P10 Kennedy, LLC (Moxies), occupying space in the southwest corner of the first floor of the parking garage structure at a monthly rate of $3,582.15 with a 3% annual escalation clause. The Moxies lease expires April 6, 2030, with a 5-year tenant renewal option available. The City requires that both tenant spaces be vacated at the time of property occupancy by the purchaser, with specific conditions for the purchaser's handling of lease termination and tenant relocation to be outlined in the purchase agreement.

The opening bid for the Property is $36,000,000.00, with closing required by January 31, 2027. The Property is offered for sale on an "AS IS/WHERE IS WITH ALL FAULTS" basis, and all costs associated with demolition, environmental assessments, surveying, engineering, architecture, rezoning, and construction are the responsibility of the successful proposer. The City anticipates that qualified proposers will have the financial capacity and development vision to maximize the property's value within the Central Business District-1 zoning designation. The document indicates that the specific terms under which the purchaser will manage the assumed leases—including compensation to existing tenants and transition arrangements—remain to be negotiated and formalized in the purchase agreement.