Pelwood Square

Positioned at 18115 U.S. 41 in Lutz, Florida, this office building offers a prime location within one of the fastest-growing areas in the Tampa Bay region. Lutz is renowned for its robust infrastructure, proximity to key economic hubs, and vibrant local economy, making it an attractive destination for businesses and investors alike.Pelwood Square (the “Property”) is a 10,000 SF single-story two (2) building suburban office complex located in Lutz, Florida, just on the northern edge of Tampa minutes away from Interstate 275 at the Bearss Avenue interchange. The brick exterior buildings were constructed in 1987 and feature an attractive courtyard setting and ample parking, along with a building monument sign providing opportunity for tenant signage. The Property has been excellently maintained with a new roof added in 2022 and a new septic field added in 2025. The Property has enjoyed high-demand tenancy for the duration of its existence, ideally lending itself either to tenants focused only on leasing as well as an user-owner seeking to to partially occupy the property. The Property is current 100% leased to seven (7) tenants, the most recent of which entered into a lease at $25.00 per SF on a modified gross basis, which is still on the lower end of the asking rent range for competing office buildings in the area.