Signature Office / Warhouse

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30632422
Property Subtypes: Free-Standing, Manufacturing, Light Industrial, Research & Development, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 73,677 SF
Gross Land Area: 4.02 Acres
Sale Price: $7,300,000
Unit Price: $99.08 PSF
Ceiling: 10 ft. / 24 ft. Clear
Docks/Doors: 2 Docks, 5 Doors
Office SF: 24,637 SF
Drive In Bays: 3 Bays
Property Use Type: Vacant/Owner-User
Usable Size (USF): 73,677 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/16/2021

Overview / Comments

Hold Thyssen, Inc. has been retained as the Exclusive Agent for HB Sealing Products, Inc. in the marketing and sale of their corporate headquarters facility in Clearwater, Florida. Klein & Heuchan, Inc., a prominent local commercial brokerage firm will be assisting in the process and acting as sub-agents for Hold Thyssen, Inc.

The HB Sealing Products, Inc. building is situated on 4.02 acres of prime land within the Hercules Industrial Park of Clearwater, Florida. The property has 340’ of frontage on a major arterial road along with prominent site signage, offering a unique opportunity for an owner/user to acquire a signature office/warehouse facility that will showcase their corporate identity.

The building totals 73,677 Sq. Ft. and comprises of 49,040 Sq. Ft. of air-conditioned warehouse and 24,637 Sq. Ft. of professional office space on two floors. The property is in excellent condition and offers a buyer the opportunity to acquire a premium asset at below replacement cost.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: Pinellas County
Tax ID/APN: 15 29 12 00000 140 0110
Property Located Between: SR 60 & SR 580
Site Description: The subject property is situated in the Hercules Industrial Area which is the industrial center for the City of Clearwater. This area is home to major manufacturers, including Aerosonic Corporation, F.K. Instrument Company, Hercules Sealing Products, Phasetronics, Dosatron International, Monin and GE Instrument Transformers, which completed a 208,000-square-foot advanced manufacturing center of excellence in 2015 and is less than 3 minutes from the subject property . The city of Clearwater is part of the North Pinellas Industrial market which has about 13.8 million square feet of industrial space. Pinellas County consultants have projected a demand for 10 million more square feet for industrial development over the next 20 year. To meet this demand, a very prominent industrial developer, Harrod Properties wants to convert most of The Landings Golf Club’s 77 acres bordering the Hercules Industrial market the Clearwater Airpark into a light manufacturing complex.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1999
Roof Type: Flat
Construction/Siding: Concrete - Tilt up
Parking Ratio: 1.8 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 130
Eave Height: 30
Column Spacing: 40' X 50'
Passenger Elevators: 1
Sprinklers: Wet
Amps: 1,200
Volts: 480
X-Phase: 3
Heat Type: Electricity
Air Conditioning: Package Unit
Lighting: Fluorescent
Internet Access: Fiber Optic
Zoning Description: IRT - City of Clearwater
Lot Frontage: 340' on Belcher Road
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,923 135,607 269,261
Median Age: 39.28 44.52 46.71
Households: 5,583 61,266 122,812


Photograph of Listing Agent

Richard Fisher

Hold-Thyssen, Inc.
CE-FL Member
Photograph of Listing Agent

Stanley Newmark

CE-FL Member
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