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11880 34th Street North

Updated Dec 4, 2024

Waste Pro Of Florida Acquires Industrial Asset From AAASCO In Clearwater For $12.075M
SOLDIndustrial

Waste Pro Of Florida Acquires Industrial Asset From AAASCO In Clearwater For $12.075M

11880 34th Street North

$12,075,000

$1,097,727/SF

Building Size

11 SF

Asset Type

Industrial

Closing

Aug 20, 2024

About this deal

AI

The property asset involved is an industrial site located at 11880 34th Street North in Clearwater, spanning an area of 11.83 acres. The transaction was completed at a sale price of $12,075,000, equating to a price per square foot of $1,097,727 with a total square footage of 11.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $12,075,000
  • Address: 11880 34th Street North
  • Market: Clearwater
  • Acres: 11.83
  • Square Footage: 11
  • Price per Square Foot: $1,097,727
  • Buyer: Waste Pro of Florida
  • Seller: AAASCO
  • Buyer's Representative: Jeff Clapacs - Commercial Partners Realty
  • Seller's Representative: Cherie Tedesco-Gamble - Keller Williams

This transaction involved key representatives, with Jeff Clapacs representing the buyer, Waste Pro of Florida, and Cherie Tedesco-Gamble representing the seller, AAASCO. These representatives played vital roles in facilitating the deal ensuring its successful closure.

Players

Jeff Clapacs

Commercial Partners Realty

Broker

$12.1M

vol

1 deal

Broker

Clearwater Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $1.1M per square foot on a published $12.1M for 11 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.31%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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