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
Clearwater Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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