Marcus & Millichap Represents Seller In $5.8M Sale Of Office Building In Clearwater

The property involved in the transaction is an office asset located at 29399 Us Highway 19 in Clearwater, featuring a total area of 49,944 square feet. The property spans 3.13 acres and was sold for $5,800,000, translating to a price per square foot of $116. The office building is currently 96% leased, highlighting its operational stability.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $5,800,000
• Square Footage: 49,944
• Price per Square Foot: $116
• Address: 29399 Us Highway 19
• Market: Clearwater
• Acres: 3.13
• Brokers: Alex Zylberglait & Michael Crocchiola - Marcus & Millichap

The transaction was represented by brokers Alex Zylberglait and Michael Crocchiola from Marcus & Millichap, indicating the firm's role in facilitating the sale of this office asset. The continued investor interest in stabilized suburban office properties along major corridors in Florida is underscored by this transaction.