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Tide LLC Acquires Big Storm Brewing's Clearwater Facility For $5.5 Million

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SOLD
$5,500,000

Florida

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Industrial
Sold 02/25/2026
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Property Image
SOLD

Tide LLC Acquires Big Storm Brewing's Clearwater Facility For $5.5 Million

12707 49th Street North

See Similar Deals
Industrial
Sold 02/25/2026
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Summary

FLORIDA
Asset Type:Industrial
Transaction Type:Sale

The property involved in this transaction is an industrial asset located at 12707 49th Street in Clearwater, encompassing 3.58 acres and consisting of two buildings. The transaction was finalized with Tide LLC purchasing the facility from Big Storm Brewing for a total of $5,500,000.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,500,000
  • Buyer: Tide LLC
  • Seller: Big Storm Brewing
  • Broker Representatives: James Defusto, Darpan Patel & Dan Yozwiak - Marcus & Millichap
  • Date of Sale: 02/25/2026
  • Market: Clearwater
  • Acres: 3.58

The brokerage involved in this transaction was Marcus & Millichap, representing the trustee following Big Storm Brewing's bankruptcy. The brewery filed for Chapter 11 with significant debt and minimal assets, and operations are winding down as an investor awaits trial on unrelated charges.

Players

Darpan Patel
18 deals$57M volume(813) 387-4812
BROKER

James Defusto
Marcus & Millichap
3 deals$25.7M volume(813) 387-4784
BROKER

Dan Yozwiak
Marcus & Millichap
16 deals$53.7M volume(614) 360-9036
BROKER

Details

SOLD
IMAGE: James Defusto, Darpan Patel & Dan Yozwiak DATE: 02/25/2026 ADDRESS: 12707 49th Street MARKET: Clearwater ASSET TYPE: Industrial ~ ACRES: 3.58 BUYER: Tide LLC SELLER: Big Storm Brewing BROKERS: James Defusto, Darpan Patel (@Dp_CRE_NNN) & Dan Yozwiak - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $5,500,000 NOTE: Big Storm Brewing sold its 3.58-acre, two-building Clearwater facility at 12707 49th St. for $5.5 million to Tide LLC following bankruptcy court approval, with Marcus & Millichap representing the trustee in the sale.The brewery, which filed for Chapter 11 in June with up to $10 million in debt and less than $50,000 in assets, is winding down operations as investor Leo Joseph Govoni awaits trial on unrelated federal fraud charges.

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

$293,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67