Clearwater, Florida
Airport Business Center
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Transaction Details
14255 49th Street North
Clearwater, FL 33672
131,661 Sq. Ft.
PROPERTY TYPE
Flex Industrial / Office
Investment Highlights
- 164,090 SF, 4 building complex at acquisition
- Opportunistic acquisition from Bank of America following a foreclosure
- Low cost basis
- Central location nearby Clearwater / St. Pete Airport
- Executed asset repositioning plan including the demolition of a 32,500 SF building to create additional parking for vacancies
- Increased occupancy to 86% including major leases with Stonegate Mortgage and CCS Medical
- Sold to affiliates of Lindell Investments