Clearwater Portfolio of properties for Sale - Bayside
Bayside Center is a two-building, 214,854-square-foot Class A office campus situated on 24.4 acres along U.S. 19, one of Pinellas County’s most heavily trafficked and visible commercial corridors. The property features modern glass construction, structured parking, expansive and flexible floorplates, and a well designed, landscaped corporate campus environment.
The asset is currently about 69% leased to a diverse and well-established roster of regional and national tenants spanning healthcare administration, financial services, technology, and professional services. Long-term anchor tenants, including Insurance Administrative Solutions (IAS) and Sports Facilities Companies, provide durable in-place cash flow, while existing vacancies across both buildings present a clear opportunity for near-term leasing upside and tenant expansion. In-place NOI is over $2.1 million, with projected NOI of over $2.8 million in Year 3.
Strategically located minutes from the Bayside Bridge, Clearwater, St. Petersburg, and both St. Pete Clearwater International Airport and Tampa International Airport; Bayside Center offers exceptional regional connectivity and a highly accessible corporate address. The broader Tampa–St. Petersburg market continues to demonstrate strong fundamentals, supported by sustained population growth, corporate relocations, expanding medical office demand, and continued growth in technology and professional employment.
With its institutional scale, prominent visibility, diversified tenancy, and attractive basis relative to replacement cost, Bayside Center represents a compelling opportunity for investors seeking a stabilized income stream with meaningful value-add potential in one of Florida’s most resilient and dynamic office markets.
