request_info_guest false
Street View
Map
1 Photo

Industrial 6 cap rate

$2,362,333

10581 47th Street, Clearwater, FL 33762

Active
Last Updated: 08/07/2023

6

Cap Rate

141,740

NOI

Details:
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
Highlights:
  • 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
Map:
Document

Today's Available Mortgage Rates

10581 47th Street, Clearwater, Florida 33762

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 07/28/2023
BankLender #833
5 Year Fixed
25 Year Amortization
Interest rate 6% 5 Year Fixed
Mo. Payment$9,437 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 62% LTV $0 Lender fees
Loan Amount $1,464,646 Loan Amount
Details
BankLender #1459
7 Year Fixed
25 Year Amortization
Interest rate 6.05% 7 Year Fixed
Mo. Payment$9,787 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 64% LTV $0 Lender fees
Loan Amount $1,511,893 Loan Amount
Details
BankLender #1459
10 Year Fixed
25 Year Amortization
Interest rate 5.91% 10 Year Fixed
Mo. Payment$9,809 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 65% LTV $0 Lender fees
Loan Amount $1,535,516 Loan Amount
Details
Speak With a Loan Consultant

CommLoan is providing quotes for information purposes only. For additional information on the largest commercial real estate lending marketplace, visit: www.commloan.com.

Largest Commercial Real Estate Lending
Location
Gallery