Updated May 15, 2026
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
About this deal
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.
On the Map
$4,550,000
$160/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
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93