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National Dentex Labs 14333 58th St N 8,600 SF Office Building Clearwater, FL 33760 $2,913,983 CAD ($338.84 CAD/SF) 5.83% Cap Rate
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
8,600 SF
Building Class
B
Year Built
1986
Price
$2,913,983 CAD
Price Per SF
$338.84 CAD
Cap Rate
5.83%
NOI
$170,017 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,600 SF
Building FAR
0.10
Lot Size
2.06 AC
Opportunity Zone
Yes
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 | $724,722 CAD |
| Land Assessment | $415,075 CAD | Total Assessment | $1,139,797 CAD |
PROPERTY TAXES
Parcel Number
04-30-16-77515-000-1301
Land Assessment
$415,075 CAD
Improvements Assessment
$724,722 CAD
Total Assessment
$1,139,797 CAD
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National Dentex Labs | 14333 58th St N
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