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2433 Gulf To Bay Boulevard

Clearwater, FL 33765
  • $2,700,000
  • STATUS: Active
  • ON SITE: 90 Days
  • MLS #: U8152921
UPDATED: 82 min ago
$2,700,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,720
    SQFT
  • $278
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:

School Ratings & Info

Description

TRIPLE NET INVESTMENT. Fully Leased two-story Free Standing Office building with 95 feet of frontage on Gulf to Bay. The building consists of 9,688 htd sqft of office space and includes 3 lots directly behind the building used for parking. Current owners have long-term tenants in place with Triple Net leases with 5-year terms and options to extend for two more 5 year terms with a 3% escalation per year. Limited deferred maintenance, The roof and HVAC units were both replaced in January 2020. The building offers a generator fueled by 4 propane tanks along the back side of the building. This is a great addition to a portfolio offering a 6% Capitalization rate of return. Financials are available upon request from the listing agent.

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© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2022-05-24T18:42:56.43.
www.teambohannon.com/homes/126029671
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2433 Gulf To Bay Boulevard Clearwater, FL 33765

  • Price: $2,700,000
  • Status: Active
  • On Site: 90 Days
  • Updated: 82 min ago
  • MLS #: U8152921
0
Beds
0
Baths
0
½ Baths
0.33
Acres
9,720
SQFT
$278
$/SQFT
1970
Built
Neighborhood:
Sunny Grove
County:
Pinellas
Area:
Clearwater/Sunset Point
Property Description
TRIPLE NET INVESTMENT. Fully Leased two-story Free Standing Office building with 95 feet of frontage on Gulf to Bay. The building consists of 9,688 htd sqft of office space and includes 3 lots directly behind the building used for parking. Current owners have long-term tenants in place with Triple Net leases with 5-year terms and options to extend for two more 5 year terms with a 3% escalation per year. Limited deferred maintenance, The roof and HVAC units were both replaced in January 2020. The building offers a generator fueled by 4 propane tanks along the back side of the building. This is a great addition to a portfolio offering a 6% Capitalization rate of return. Financials are available upon request from the listing agent.
Exterior Features

Carport Yn No Construction Materials ConcreteStucco Covered Spaces 0 Exterior Features Lighting Foundation Details Slab Lot Size Dimensions 95X150 Open Parking YN No Pool Private Yn No Road Surface Type Asphalt Roof MembraneOther Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Cooling Central AirZoned Cooling YN Yes Fireplace Yn No Heating Central Heating YN Yes Interior Features Thermostat Levels Two Sewer Public Sewer Water Source Public

Property Features

Annual Expenses 14516 Annual Net Income 158278 Association Yn No Cdd Yn No DPR No Flood Zone Code X Garage Yn No Lease Term 3 To 5 Years Listing Terms CashConventional New Construction Yn No Ownership Fee Simple Property Sub Type Multi-Family Realtor Info Floor Plan AvailableSee Attachments Senior Community Yn No Special Listing Conditions None Tax Annual Amount 18797.51 Total Annual Fees 0 Total Monthly Fees 0 Utilities Cable ConnectedElectricity ConnectedPropaneSewer ConnectedWater Connected Zoning Comercial


Listing information © 2022 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of Re/Max Action First Of Florida.



© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2022-05-24T18:42:56.43.
 
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