Industrial 6 cap rate

$2,362,333

10581 47th Street, Clearwater, FL 33762

For Sale

Industrial Warehouse

Active

Last Updated: 08/07/2023

Cap Rate: 6%

NOI: $141,740

Building Size: 19,600 sqft

Lot Area: 44,821 sqft

Occupancy: 100%

Lease Type: Triple Net

Year Built: 1997

Price Per Sqft: $120.52

Tenancy: Multiple

Floors: 1

Parking Spots: 16

Year Last Renovated: 2020

Gross Leaseable Area: 19,600

Warehouse %: 90%

HVAC: New

Investment Strategy: Value Add

Offered by Broker

#SL486609

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Two tenants divided middle of warehouse
N. Glantz & Sons new three year lease expires October 31, 2024 for 9,600 SF
M.G. McGrath one year remaining renewal option for additional (2) four year term w/ esc.
Covered parking spaces shared by tenants
Each tenant has truck well and drive in doors 16 ft high
Clear height 18 feet