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14605 49th Street

Updated Mar 11, 2025

Anthony Scavo Jr Acquires Clearwater Industrial Property From Hersh Equity Group For $6.75M
SOLDIndustrial

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.

On the Map

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$6,750,000

$151/SF

Industrial

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Players

Basis Industrial
Basis IndustrialBrokerage

Anthony Scavo Jr

Basis Industrial

Buyer

$6.8M

vol

2 deals

Buyer
Hersh Equity Group
Hersh Equity GroupSeller
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Clearwater Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $151 per square foot on a published $6.8M for 44,562 square feet (2023).

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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

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