Updated Dec 14, 2024
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
About this deal
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
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