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11116 47th Street North

Kevin Bramhall And Steven Millstein Acquire Clearwater Industrial Property For $7M From Paul Rose
SOLDIndustrial

Kevin Bramhall And Steven Millstein Acquire Clearwater Industrial Property For $7M From Paul Rose

11116 47th Street North

$7,000,000

$133/SF

Building Size

52,300 SF

Asset Type

Industrial

Closing

Jul 21, 2025

AI

The property asset involved in the transaction is an industrial facility located at 11116 47th Street North in Clearwater. The sale was completed at a price of $7,000,000, encompassing a total square footage of 52,300, which translates to a price per square foot of $133.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,000,000
  • Address: 11116 47th Street North
  • Market: Clearwater
  • Square Footage: 52,300
  • Price Per Square Foot: $133
  • Buyer: Kevin Bramhall & Steven Millstein - The STRO Companies; Jonathan Kushner - KRE Group
  • Seller: Paul Rose
  • Brokers: Deron Thomas, Tyler Thomas & Kyle Harris - Industrial Realty Solutions

Key individuals involved in the deal include Kevin Bramhall and Steven Millstein, representing The STRO Companies, alongside Jonathan Kushner from KRE Group as buyers. The transaction was facilitated by brokers Deron Thomas, Tyler Thomas, and Kyle Harris from Industrial Realty Solutions, representing the seller Paul Rose in the deal.

Players

Deron Thomas

Industrial Realty Solutions

Broker

$7M

vol

2 deals

Broker
Industrial Realty Solutions
Industrial Realty SolutionsBrokerage
The Stro Companies
The Stro CompaniesBuyer

Jonathan Kushner

Buyer

$3.9B

vol

10 deals

Buyer

Clearwater Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93