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21800 US Highway 19 North, ...

John Middleton's Philadelphia Phillies Acquires Retail Property In Clearwater For $22.5M
SOLDRetail

John Middleton's Philadelphia Phillies Acquires Retail Property In Clearwater For $22.5M

21800 US Highway 19 North, Clearwater, Florida 33765, United States

$22,500,000

$167,910/SF

Building Size

134 SF

Asset Type

Retail

Closing

Oct 11, 2022

AI

The property asset involved in this closed transaction is a retail property located at 21800 US Hwy 19 N in Clearwater. The transaction took place on 11/10/2022. The property spans a total area of 134,362 square feet and was sold for a price of $22,500,000, resulting in a price per square foot of $167.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $22,500,000
  • Address: 21800 US Hwy 19 N, Clearwater
  • Market: Clearwater

The buyer in this transaction is John Middleton, who is associated with the Philadelphia Phillies. The seller is Chad Hurst. The deal was facilitated by broker representatives Michael T. Fay, Brian C. de la Fé, John K. Crotty, David Duckworth, and Nick Robinson from Avison Young.

Players

John Crotty

Avison Young

Broker

$1.5B

vol

51 deals

Broker

John Middleton

Philadelphia Phillies

Buyer

$45M

vol

2 deals

Buyer

Chad Hurst

Seller

$45M

vol

2 deals

Seller

Clearwater Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93