Clearwater Office Bldg Near Downtown-11%+ cap

  SOLD November 2009 for $1,067,650

1164 NE Cleveland Street, Clearwater, Florida 33755


Building Size16,410 Square Feet
Land Size0.84 Acres
ZoningOffice
ElectricFlorida Power
Year Built1982
ConstructionCB
RoofFlat
SewerCity
ParkingApprox 49
WaterCity
Cap Rate11% With 5% Vac Factor
Length of leasesMajority go to 2012
Occupancy100%
Price per sq ft78.37

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. 


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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