Clearwater User/Investor Office Property

Office for Sale
Catylist Listing ID: 29943640
Property Subtypes: Medical, Flex Space, Office Building
Building Size (RSF): 14,242 SF
Gross Land Area: 44,044 SF
Sale Price: $1,500,000
Unit Price: $105.32 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 11,713 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/7/2017

Overview / Comments

Suite A is 4,500 SF and leased to West Coast Endoscopy,LLC ( a partner with Surgical Care Affiliates, which generate 1.5 Billion in revenue) as a licensed surgery center until November 2020. Current annual gross income of $79,894.00. 3% annual increases. Their space consists of a small waiting area, business offices, Employee kitchen, 4 pre-op beds, 3 post-op beds and 3 procedure rooms and meets all surgery center regulations. Separate meters for water & electric.
Vacant Suite B is 7,213 SF and was built out in 2001 for a pulmonary group and sleep lab. The sleep center has 4 bedrooms, 2 private bathrooms, 1 w/shower and an open work area. The pulmonary area has a large waiting area with 25 seats, a large receptionist / clerical area for a staff of 5-6, 3 labs, 9 exam rooms, 2 x-ray rooms, 2 bathrooms for patients, 3-4 admin offices, a large staff kitchen / break room and 3 very large doctors’ offices with a private bathroom for each. Upgraded finishes include Crown Molding, tegular ceiling tiles, chair rail moldings, vaulted ceilings, 12’ ceilings in areas and 8’6” ceilings in areas. The building is sprinklered and had a new roof installed in 2013. A large monument sign has space for 2 tenants. The space can easily be reconfigured for general office or clean hi-tech manufacturing space.

Current Tenants

Tenant Business Name West Coast Endoscopy, LLC
Website URL www.westcoastendoscopy.com
Industry Type Health Care and Social Assistance
Is Renting? Yes
Annual Revenue $79,894 (Annual)

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 21-29-15-06462-009-0090
Zoning: IRT - CITY OF CLEARWATER
Property Located Between: East of Ft. Harrison Ave - South of Lakeview Rd.
Number of Stories: 1
Year Built: 1984
Year Renovated: 2001
Construction/Siding: Block
Exterior Description: Complete Interior Renovation in 2001 - New Roof in 2013
Parking Description: 40 Parking Spaces plus on-street parking.
Total Parking Spaces: 40
Zoning Description: IRT - City of Clearwater allows for many uses including Professional Office, Medical Office, Manufacturing & Assembly.
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,432 113,154 253,509
Median Age: 39.09 46.02 46.64
Households: 6,273 50,922 117,516

Contact

Photograph of Listing Agent

Christopher Howell, CCIM

KLEIN & HEUCHAN, INC FGCAR CIE Member
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