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28050 Us Highway 19 N

David McComas Of European Equities Acquisition Purchases Office Building From Clearwater Housing Authority For $5.3M
SOLDOffice

David McComas Of European Equities Acquisition Purchases Office Building From Clearwater Housing Authority For $5.3M

28050 Us Highway 19 N

$5,300,000

$76/SF

Building Size

68,936 SF

Asset Type

Office

Closing

Mar 21, 2026

AI

A 68,936-square-foot office building located at 28050 U.S. Highway 19 N in Clearwater was sold for $5.3 million. The property occupies 3.71 acres and was 42.9% occupied at the time of sale.

Summary of transaction details:

The transaction involved David McComas representing European Equities Acquisition, which plans to invest further in the property. Brokers Darpan Patel, Samantha Kelley, and Dan Yozwiak acted on behalf of the Clearwater Housing Authority, while Jonathan Gerszberg was responsible for procuring the buyer.

Players

Jonathan Gerszberg

Marcus & Millichap

Broker

$76.4M

vol

9 deals

Broker
David McComas

David McComas

European Equities

Buyer

$5.3M

vol

1 deal

Buyer
Clearwater Housing Authority
Clearwater Housing AuthoritySeller

Clearwater Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93