Clearwater Office Bldg Near Downtown-11%+ cap
SOLD November 2009 for $1,067,650
1164 NE Cleveland Street, Clearwater, Florida 33755
| Building Size | 16,410 Square Feet |
| Land Size | 0.84 Acres |
| Zoning | Office |
| Electric | Florida Power |
| Year Built | 1982 |
| Construction | CB |
| Roof | Flat |
| Sewer | City |
| Parking | Approx 49 |
| Water | City |
| Cap Rate | 11% With 5% Vac Factor |
| Length of leases | Majority go to 2012 |
| Occupancy | 100% |
| Price per sq ft | 78.37 |
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.
Agent
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Office Phone: (727) 443-5000Mobile: (727) 244-7470
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.