Christopher D. Weaver & David Rano Acquire Office Building In Clearwater, FL For $3.48M
5830 142nd Avenue North, Clearwater, Florida 33760, United States
$3,475,000
$160/SF
Building Size
21,626 SF
Asset Type
Office
Closing
Mar 27, 2022
About this deal
AI
An office building located at 5830 142nd Ave N in Clearwater, FL has been sold for a price of $3,475,000. The building spans 21,626 square feet, resulting in a price per square foot of $160.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $3,475,000
The buyers of the property are Christopher D. Weaver and David Rano, while the sellers are Irene Dinov and Lenchner Yevsey.
The office sale at 5830 142nd Avenue North, Clearwater, Florida 33760, United States in Clearwater, Florida sold for $3.5M in 2022. The building is 21,626 square feet, implying about 160 per square foot on the published price. This page is the Clearwater, Florida file for the 5830 142nd Avenue North, Clearwater, Florida 33760, United States office sold: pricing, party profiles, and other closed office comps from the same Clearwater sit in the Market section below. Filter that Clearwater office set by closing date to see what else sold near 5830 142nd Avenue North, Clearwater, Florida 33760, United States around 2022. Published consideration for 5830 142nd Avenue North, Clearwater, Florida 33760, United States is $3.5M, dated 2022. Cite this Christopher D. Weaver & David Rano Acquire Office Building In Clearwater, FL For $3.48M sale when underwriting similar office product around Clearwater, Florida.
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Clearwater Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.56%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93