Categories
Office
About this property
Solid investment property: This well-built, well-located office complex is for sale. All but 1 of the 8 suites has been renovated, and all with updated mechanicals (roofs, AC units, plumbing). Located 1 mile east of downtown Clearwater, it offers central location and ease of operation. Partnership dissolution prompts sale. 11% cap with 5% vacancy rate. Most leases until 2012+. More information available attached and upon request.
Property details
- Property Type
- Improved property
- Building Type
- Freestanding
- Building Size
- 16,410 sqft
- Land Size
- 0.84 acres
- Sewer
- City
- Water
- City
- Zoning
- Office
- Electric
- Florida Power
- Year Built
- 1982
- Roof
- Flat
- Parking
- Approx 49
- Cap Rate
- 11% With 5% Vac Factor
- Occupancy
- 100%
- Construction
- CB
- Price Per Sq Ft
- 78.37
- Length Of Leases
- Majority go to 2012
Location
- Address
-
1164 NE Cleveland Street
Clearwater, Florida 33755