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National Dentex Labs 14333 58th St N

8,600 SF Office Building Clearwater, FL 33760 $2,087,500 ($243/SF) 5.83% Cap Rate

Office Space Florida Clearwater 14333 58th St N, Clearwater, FL 33760

Investment Highlights

  • 8,600 SF on 2.07 Acres of Land.
  • About 1 mile from US 19 and about 5 miles from I-275.
  • Fully AC.
  • New NNN Lease with Escalations.
  • Substantial amount of parking spaces.
  • Property located in the ICOT Office Park.

Executive Summary

This 8,600 RSF flex building sits on 2.07 acres and can potentially be expanded to 21,000 SF. It is located in the Icot Business Park which occupies the northwestern corner of the Gateway Submarket. The building is currently 100% occupied by a national dental lab company, generating a $121,795.56 annual NOI with 5 years remaining on a 7-year NNN lease with annual escalations. Tenant pays all expenses, including a 3% management fee and an escrowed parking lot maintenance reserve.

Attachments

14333 58th St OM-wFinancials

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
8,600 SF
Building Class
B
Year Built
1986
Price
$2,087,500
Price Per SF
$243
Cap Rate
5.83%
NOI
$121,796
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,600 SF
Building FAR
0.10
Land Acres
2.06 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
N/Av, Clearwater - Industrial Limited (IL): allows large-scale indoor manufacturing, processing, warehousing, bulk sales, and distribution activities.
Parking
108 Spaces (10 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning
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PROPERTY TAXES

Parcel Number 04-30-16-77515-000-1301 Improvements Assessment $523,309
Land Assessment $256,691 Total Assessment $780,000

PROPERTY TAXES

Parcel Number
04-30-16-77515-000-1301
Land Assessment
$256,691
Improvements Assessment
$523,309
Total Assessment
$780,000
(727) 643-1841

  • Listing ID: 25920304

  • Date on Market: 6/13/2022

  • Last Updated:

  • Address: 14333 58th St N, Clearwater, FL 33760

More public record information on 14333 58th St N, Clearwater, FL 33760

The Office Property at 14333 58th St N, Clearwater, FL 33760 is currently available For Sale. Contact Commercial Partners Realty, Inc. for more information.

Office PROPERTIES IN NEARBY NEIGHBORHOODS

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National Dentex Labs | 14333 58th St N
(727) 643-1841 x

National Dentex Labs | 14333 58th St N

Scott Clendening

(727) 643-1841

(727) 643-1841

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