Updated Mar 11, 2025
Hersh Equity Group Acquires Industrial Property In Clearwater
14605 49th St N, Clearwater, FL, USA
$3,750,000
$83/SF
Building Size
45,000 SF
Asset Type
Industrial
Closing
Nov 10, 2021
About this deal
AI
An industrial property located at 14605 49th St N in Clearwater has been sold. The property, spanning 45,000 square feet, was sold at a price of $3,750,000. The buyer, Juda Hersh, represented Hersh Equity Group in the transaction. The seller was John B. Norrie.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,750,000
- Address: 14605 49th St N, Clearwater
- Market: Clearwater
This sale marks Hersh Equity Group's second deal of the month, bringing their total acquisition in November to 100,000 square feet. For any off-market deals, you can contact Juda Hersh at [email protected] or call 561.313.2335.
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93