Signature Office / Warhouse
Industrial
for Sale
| Catylist Listing ID: |
30632422 |
| Property Subtypes: |
Free-Standing, Manufacturing, Light Industrial, Research & Development, Warehouse/Distribution
|
| Building Size (RSF): |
73,677 SF
|
| Gross Land Area: |
4.02 Acres
|
| Sale Price: |
$7,900,000 |
| Unit Price: |
$107.22 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: |
9/22/2020 |
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 |
| Zoning: |
IRT - CITY OF CLEARWATER |
| 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 |
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 |
|
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