Gateway Professional Plaza

This 25,500± SF industrial facility is located in Gateway Industrial area just off Ulmerton Road in Clearwater, FL. Centrally situated for easy access to Pinellas, Pasco and Hillsborough Counties, only moments away from Raymond James and Franklin Templeton financial complexes, St. Pete-Clearwater International Airport, and major travel routes.

Built in 1984, this 1 story warehouse type building is 300’ by 65’, constructed of stucco on concrete block and features a new 60 mil TPO roof (2018) over 2 inch insulation board. The building’s flooring system is slab on grade with a concrete finish. Planned property improvements include exterior painting that will be completed in November 2019. The site has approximately 90 parking spaces that are located both at the rear and the front of the building. Site access is achieved via two uncontrolled entrances at the northern perimeter of the property.

The property is fully leased with a majority of the units below market rent rates. Each of the 15 units in this multi-tenant facility features a glass entry way, air conditioned office space at the front, warehouse/workshop to the rear and a grade-level door overhead facilitating deliveries. Each unit is approximately 1,700 SF.

• Fully leased 25,500 SF warehouse building
• 15 warehouse units, 1700 SF each unit
• Desirable area off Ulmerton Road in Clearwater
• New 60 mil TPO roofing completed in 2018
• 7.5% Cap Rate
• Excellent investment with strong occupancy