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3939 Airway Circle, Clearwa...

Redfearn Capital Acquires Industrial Property In Clearwater For $12.8M
SOLDIndustrial

Redfearn Capital Acquires Industrial Property In Clearwater For $12.8M

3939 Airway Circle, Clearwater, Florida 33762, United States

$12,825,000

$123/SF

Building Size

103,750 SF

Asset Type

Industrial

Closing

Sep 26, 2022

AI

Alex Redfearn took to Instagram to share his latest industrial property acquisition in Clearwater. The property, located at 3939 Airway Circle and 13200 40th St N, is a prime industrial asset with a total square footage of 103,750. The property was sold for an impressive price of $12,825,000, reflecting a price per square foot of $124. The industrial property is situated in a highly sought-after location in the Clearwater market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $12,825,000
  • Address: 3939 Airway Circle & 13200 40th St N, Clearwater
  • Market: Clearwater

Redfearn Capital, led by Alex Redfearn and Joe Pasquale, acted as the buyer in this successful transaction. Their expertise in the industrial property sector has secured them this significant deal. Redfearn Capital is renowned for its strategic investments in the industrial market, making them a prominent player in the industry.

Players

Redfearn Capital
Redfearn CapitalBrokerage

Alex Redfearn

Redfearn Capital

Buyer

$586.6M

vol

16 deals

Buyer
Redfearn Capital
Redfearn CapitalBuyer

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

1.24%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93