2090 Sunnydale Blvd - Manufacturing FOR SALE


Clearwater, FL 33765- North Clearwater
$5,998,000 USD
727-458-8493
2090 Sunnydale Blvd, Clearwater, FL for Sale
$5,998,000 USD
Manufacturing - FOR SALE
1/15
null | 6.24% Cap Rate

2090 Sunnydale Blvd
Clearwater, FL 33765
North Clearwater


HIGHLIGHTS

  • 100% Leased Single Tenant Industrial Real Estate Investment
  • High Credit Quality Publicly Traded Tenant
  • Custom Built New Construction Facility
  • Absolute NNN Lease Structure with Annual Fixed Base Rent Increases
  • Located in Florida, which has No State Income Tax
  • 6.24% Cap Rate Average Over the Term

OVERVIEW

Fully occupied class "A" net leased single tenant industrial facility for sale. Located in the highly desirable Clearwater industrial park area of Clearwater, FL. This 25,940 square foot building is 100% occupied and purpose built in 2023-2024 for Dosatron International, a wholly owned subsidiary of Ingersoll Rand, Inc. Ingersoll Rand, Inc. a Fortune 200 NYSE traded public company. Dosatron is the largest provider of non-electric, water-powered, chemical dispenser and dilution equipment in the world. Dosatron's equipment is design for a range of industries including irrigation, food safety & sanitation, metal processing, farming & agriculture, and water treatment. Dosatron has occupied this location since 1994 and the current facility was custom built to Dosatron's specifications in 2023-2024 demonstrating significant commitment to this site. This asset provides an internet & remote work resistant tenant with an absolute NNN lease structure. This net leased investment provides a 6.24% Cap Rate over the seven year term with fixed annual base rent increases that provide a hedge against inflation. The facility is located in the City of Clearwater, FL (Tampa MSA) in northern Pinellas County, an extremely dense market with significant barriers to entry.

FOR SALE DETAILS

PRICE

$5,998,000 USD

PRICE/SF

$231 USD /SF

CAP RATE

6.24%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Industrial Single Tenant Net Leased

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

UTILITIES

Lighting, Gas, Water - City, Sewer - City, Heating - Electric

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

4

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.28

LAND SF

55,757

ZONING

IRT

APN/PARCEL ID

01-29-15-16488-000-0022

ASK ABOUT THIS PROPERTY

Steve KleinKlein & Heuchan, Inc.More Info
727-458-8493

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Steve KleinKlein & Heuchan, Inc.More Info
727-458-8493

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.