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

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SOLD
$12,075,000

Florida

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Industrial11 SF
Sold 08/20/2024
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SOLD

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

11880 34th Street North

See Similar Deals
Industrial11 SF
Sold 08/20/2024
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$1,097,727
Total Square Footage:11 SF
Transaction Type:Sale

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
1 deal$12.1M volume(813) 833-0788
BROKER

Cherie Tedesco-Gamble
Keller Williams Realty
1 deal$12.1M volume(813) 898-7289
BROKER

Details

SOLD
IMAGE: Jeff Clapacs & Cherie Tedesco-Gamble DATE: 08/20/2024 ADDRESS: 11880 34th Street North MARKET: Clearwater ASSET TYPE: Industrial ~ ACRES: 11.83 BUYER: Waste Pro of Florida SELLER: AAASCO (@AAAServiceCompany) BUYER'S REP: Jeff Clapacs (@Clapacscommercialre) - Commercial Partners Realty (@CPRTeam_tb) SELLER'S REP: Cherie Tedesco-Gamble (@CherieTedesco) - Keller Williams (@KellerWilliamsRealty) SALE PRICE: $12,075,000 SF: 11 ~ PPSF: $1,097,727

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$643,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$42,899.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,241.66
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