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Gt Express Enterprises & White Cap Lease Combined 47,000& SF At Sunshine Industrial Park In Clearwater

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LEASED

Florida

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Industrial46,940 SF
Leased 10/16/2023
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LEASED

Gt Express Enterprises & White Cap Lease Combined 47,000& SF At Sunshine Industrial Park In Clearwater

5303 126th Avenue North

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Industrial46,940 SF
Leased 10/16/2023
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:46,940 SF
Transaction Type:Lease

Gt Express Enterprises and White Cap have leased a combined 47,000+ square feet at Sunshine Industrial Park in Clearwater. The industrial property, located at 5303 126th Avenue North, offers 46,940 square feet of space. The lease transaction, facilitated by Zenith Industrial Outdoor Storage's representative Ben Atkins, represents a strategic move for both tenants.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Square Footage: 46,940
  • Market: Clearwater
  • Address: 5303 126th Avenue North

Gt Express Enterprises, led by George Turcanu, has made the decision to streamline its operations by relocating to the Sunshine Industrial Park by the end of 2023. This move will enable the company to optimize its processes and enhance efficiency.

Meanwhile, White Cap, represented by John A. Stegeman, will be relocating early next year to the same industrial park. The new location will provide better transportation access, offering strategic benefits for the company's operations.

Details

LEASED
IMAGE: Ben Atkins DATE: 10/16/2023 ADDRESS: 5303 126th Avenue North MARKET: Clearwater ASSET TYPE: Industrial ~ SF: 46,940 LANDLORD: Zenith Industrial Outdoor Storage - Ben Atkins TENANT: Gt Express Enterprises & White Cap - George Turcanu and John A. Stegeman NOTE: Gt Express Enterprises and White Cap have leased a combined 47,000+ square feet at Sunshine Industrial Park in Clearwater. Gt Express is moving by the end of 2023 to streamline its operations, and White Cap is relocating early next year for better transportation access.

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Deal Type
Effective Rent (Annual)

$2,690,572.47

Total Lease Value

$26,905,724.74

Net Landlord Cash Flow$2,690,572.47