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:
- Property Type: Office
- Transaction Amount: $5,300,000
- Address: 28050 Us Highway 19 N
- Market: Clearwater
- Asset Size: 68,936 SF
- Price per SF: $77
- Buyer: David McComas - European Equities Acquisition
- Seller: Clearwater Housing Authority
- Brokers: Darpan Patel, Samantha Kelley, Dan Yozwiak & Jonathan Gerszberg - Marcus & Millichap
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
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