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Marsh McClennan Agency (Bouchard Insurance) 101 Starcrest Dr

31,526 SF 4-Star Office Building Clearwater, FL 33765 $3,950,000 ($125/SF)

Investment Highlights

  • Single Tenant Fully Leased Investment Property
  • Full Interior Remodel in 2019
  • Ample Parking
  • New Roof in 2021
  • Class A Upgraded Finishes
  • Generator and Located in a Non-Evacuation Zone

Executive Summary

This fully renovated, two-story single tenant office building in Clearwater, FL is a standout property, currently 100% tenant occupied and offered as an investment sale opportunity. Nestled on a spacious rectangular parcel, the site boasts ample surface parking and mature landscaping.
Recently remodeled in 2019, the interior features Class A finishes including new millwork, upgraded interior finishes throughout, modern interior partitions, stylish flooring, energy-efficient LED lighting, elegant interior doors, glass sidelights, and updated restrooms. Additionally, the majority of HVAC units were replaced in 2018/2019, and the roof was newly replaced in 2021.
When you arrive at the property, visitors are greeted by an impressive entrance and lobby area, complete with a circular driveway and convenient guest parking adjacent to the main building entrance. A prominent monument sign welcomes visitors, complemented by an above-average parking ratio in the expansive surface parking lot.
Step inside to discover a thoughtfully designed interior layout boasting a mix of private offices and open areas for cubicles, all enhanced with upgraded ceilings and lighting. The main building lobby showcases an impressive boardroom with a nearby coffee and catering station, complemented by various meeting and conference spaces of varying sizes throughout the office. Each floor is equipped with a breakroom for added convenience. Additional property features include small and large training rooms, work areas, storage space, and varying-sized private offices. The property also offers a dedicated mail room and IT room.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
31,526 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1970/2019
Price
$3,950,000
Price Per SF
$125
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
31,526 SF
Building FAR
0.22
Land Acres
3.36 AC
Zoning
O - Zoning is Office, Future Land Use (FLU) is Residential Office General per City of Clearwater Zoning Department
Parking
119 Spaces (3.77 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Monument Signage
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • 28,094 SF
  • -
  • Full Service Gross
  • Jan 2029

With offices in many countries, Marsh is the world’s leading insurance broker and risk advisor. They provide industry-focused brokerage, consulting, and claims advocacy services, leveraging data, technology, and analytics to help reduce their clients’ total cost of risk. With colleagues worldwide, Marsh provides their commercial and individual clients with insights, advice, and support in the local markets in which they operate or where their business may face risks. They help clients understand coverage nuances, regulatory developments, and risk trends. And they work together with clients on placement, mitigating risk, and optimizing client's risk spend. For years, clients have trusted Marsh to advise them during the most trying and celebratory times, helping them achieve success by becoming more resilient and attaining the possible.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Finance and Insurance 28,094 SF - Full Service Gross Jan 2029
Walk Score ®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-29-15-00000-110-0700
Land Assessment
$765,410
Improvements Assessment
$1,964,590
Total Assessment
$2,730,000
  • Listing ID: 31737034

  • Date on Market: 5/8/2024

  • Last Updated:

  • Address: 101 Starcrest Dr, Clearwater, FL 33765

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