Updated Mar 11, 2025
Anthony Scavo Jr Acquires Clearwater Industrial Property From Hersh Equity Group For $6.75M
14605 49th Street
$6,750,000
$151/SF
Building Size
44,562 SF
Asset Type
Industrial
Closing
Dec 22, 2023
About this deal
AI
The industrial property located at 14605 49th Street North in Clearwater, FL has been sold in a closed transaction. The property spans an area of 44,562 square feet with a price per square foot of $151. The sale price for this transaction was $6,750,000. The buyer of the property is Anthony Scavo Jr, representing Basis Industrial. The seller of the property is Hersh Equity Group.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,750,000
- Square Footage: 44,562
- Price Per Square Foot: $151
- Buyer: Anthony Scavo Jr - Basis Industrial
- Seller: Hersh Equity Group
This transaction was facilitated by Anthony Scavo Jr from Basis Industrial, representing the buyer, and involves the sale of an industrial property located in Clearwater, FL. The property was sold to Anthony Scavo Jr at a price of $6,750,000, with a total area of 44,562 square feet and a price per square foot of $151. The seller in this transaction was Hersh Equity Group.
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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93