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2090 Sunnydale Blvd 25,940 SF 4-Star Industrial Building Clearwater, FL 33765 $7,329,200 CAD ($282.54 CAD/SF) 7.07% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% LEASED SINGLE TENANT INDUSTRIAL INVESTMENT
- CUSTOM BUILT NEW CONSTRUCTION FACILITY
- EXCELLENT NORTH PINELLAS COUNTY LOCATION
- 7.07% CAP RATE AVERAGE OVER THE TERM
EXECUTIVE SUMMARY
Fully occupied class “A” net leased single tenant industrial facility for sale. Located in the highly desirable Clearwater industrial park area of Clearwater, Florida. This 25,940 square foot building is 100% occupied and purpose built in 2023-2024 for Dosatron International, a wholly owned subsidiary of Ingersoll Rand, Inc. a Fortune 200 NYSE traded public company. Dosatron is the largest provider of non-electric, water-powered, chemical dispenser and dilution equipment in the world. Dosatron’s equipment is designed for a range is industries including irrigation, food safety & sanitation, metal processing, farming & agriculture, and water treatment. Dosatron has occupied this location since 1994 and the current facility was custom built to Dosatron’s specifications in 2023-2024 demonstrating significant commitment to this site. This asset provides an internet & remote work resistant tenant with an absolute NNN lease structure. Fixed annual base rent increases provide a hedge against inflation. The facility is located in the City of Clearwater, FL (Tampa MSA) in northern Pinellas County, an extremely dense market with significant barriers to entry.
PROPERTY FACTS
| Price | $7,329,200 CAD | Lot Size | 1.28 AC |
| Price Per SF | $282.54 CAD | Rentable Building Area | 25,940 SF |
| Sale Type | Investment NNN | No. Stories | 2 |
| Cap Rate | 7.07% | Year Built | 1993 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 1.54/1,000 SF |
| Building Class | B | No. Drive In / Grade-Level Doors | 4 |
| Zoning | IRT - Industrial, Research, and Technology. | ||
| Price | $7,329,200 CAD |
| Price Per SF | $282.54 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 7.07% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 1.28 AC |
| Rentable Building Area | 25,940 SF |
| No. Stories | 2 |
| Year Built | 1993 |
| Tenancy | Single |
| Parking Ratio | 1.54/1,000 SF |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | IRT - Industrial, Research, and Technology. |
AMENITIES
- 24 Hour Access
- Security System
- Reception
- Air Conditioning
UTILITIES
- Lighting
- Gas
- Water - City
- Sewer - City
- Heating - Electric
PROPERTY TAXES
| Parcel Number | 01-29-15-16488-000-0022 | Improvements Assessment | $2,024,049 CAD |
| Land Assessment | $643,095 CAD | Total Assessment | $2,667,144 CAD |
PROPERTY TAXES
Parcel Number
01-29-15-16488-000-0022
Land Assessment
$643,095 CAD
Improvements Assessment
$2,024,049 CAD
Total Assessment
$2,667,144 CAD
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2090 Sunnydale Blvd
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