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12625 40th Street North

Ryan Helms Acquires Industrial Property In Clearwater From Steve Tarte For $4.55M
SOLDIndustrial

Ryan Helms Acquires Industrial Property In Clearwater From Steve Tarte For $4.55M

12625 40th Street North

$4,550,000

$160/SF

Building Size

28,356 SF

Asset Type

Industrial

Closing

May 4, 2026

AI

An industrial property located at 12625 40th Street North in Clearwater has been sold for a price of $4,550,000. The asset spans 28,356 square feet, resulting in a price per square foot of $160.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $4,550,000
  • Address: 12625 40th Street North
  • Market: Clearwater
  • Buyer: Ryan Helms
  • Seller: Steve Tarte
  • Broker: Nick Watson - Matthews
  • Buyer's Representative: Jimmy Brylinke

This transaction involved Ryan Helms as the buyer and Steve Tarte as the seller. The broker representing the transaction was Nick Watson from Matthews, while Jimmy Brylinke acted as the buyer's representative.

Players

Nick Watson

Matthews

Broker

$149.4M

vol

20 deals

Broker

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

3.49%

Cash-on-Cash

-1.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93