Multi-Tenant Office Building | Clearwater, FL

For Sale

Multi-Tenant Office Building | Clearwater, FL

Asking Price: $1,300,000 | Cap Rate: 5%

Net Operating Income: $64,988
Lease Type: Modified Gross

Property Highlights

78% leased multi-tenant office building; perfectly suited for medical office tenants
Prime location in Clearwater near Downtown District
Excellent visibility with over 33,000 VPD on Court St
Value add opportunity: 22% Vacancy, below market rent, and expense reimbursement through net-lease conversion

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