Updated Oct 30, 2026
KW Partners Acquires Industrial Asset From The Geneva Group For $7.35M In Clearwater
6399 142nd Avenue North
$7,350,000
$129/SF
Building Size
56,597 SF
Asset Type
Industrial
Closing
Oct 29, 2026
About this deal
AI
The property asset involved in this transaction is located at 6399 142nd Avenue North in Clearwater. The industrial asset was sold for $7,350,000 and comprises 56,597 square feet, resulting in a price per square foot of $129.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,350,000
- Address: 6399 142nd Avenue North
- Market: Clearwater
- Square Footage: 56,597
- Price Per Square Foot: $129
- Buyer: KW Partners
- Seller: The Geneva Group
- Brokers: Douglas K. Mandel, James Defusto, Zach Levine & Cody Hershey - Marcus & Millichap
The key individuals involved in the transaction include KW Partners as the buyer and The Geneva Group as the seller. The brokerage firm Marcus & Millichap facilitated the transaction, represented by Douglas K. Mandel, James Defusto, Zach Levine, and Cody Hershey.
On the Map
$7,350,000
$129/SF
Industrial
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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
2.16%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93