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1601-1605 Sunshine Dr 20,000 SF 100% Leased Industrial Building Clearwater, FL 33765 $3,600,000 ($180/SF) 5.88% Cap Rate
Investment Highlights
- 100% Leased - with owner/occupant opportunity
- Comprehensively remodeled and well-maintained building
- Great Location on corner lot - North Clearwater
Executive Summary
20,000 SF Warehouse/Flex Building - 100% leased
Located on a corner lot just East of Clearwater Airpark Airport (CLW) between Belcher Rd & Hercules Ave
Multi-tenant warehouse/flex building divided into 4 equally sized 5,000 SF units each and 100% sprinklered
Functional specifications include 12’ x 10’ overhead doors and 200 - amp electrical power per unit
100% Leased with one tenant (Pro Housing) vacating 11/30/26 offering opportunity for an owner - occupant
Built in 1972 and has been comprehensively remodeled with a new roof, AC units, Front Awnings, Asphalt and more
Zoned E-1 (Pinellas County) for a broad range of light industrial, flex, and office uses
Parcel ID: 01-29-15-16488-000-0157
RE Taxes (2025): $22,137.00
Sale Price: 3,600,000.00
Located on a corner lot just East of Clearwater Airpark Airport (CLW) between Belcher Rd & Hercules Ave
Multi-tenant warehouse/flex building divided into 4 equally sized 5,000 SF units each and 100% sprinklered
Functional specifications include 12’ x 10’ overhead doors and 200 - amp electrical power per unit
100% Leased with one tenant (Pro Housing) vacating 11/30/26 offering opportunity for an owner - occupant
Built in 1972 and has been comprehensively remodeled with a new roof, AC units, Front Awnings, Asphalt and more
Zoned E-1 (Pinellas County) for a broad range of light industrial, flex, and office uses
Parcel ID: 01-29-15-16488-000-0157
RE Taxes (2025): $22,137.00
Sale Price: 3,600,000.00
Property Facts
Amenities
- 24 Hour Access
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Phasetronics Inc
- Professional, Scientific, and Technical Services
- -
- -
- -
- -
- Pro Housing
- -
- -
- -
- Triple Net
- -
- Upper Suncoast Dog Training
- Retailer
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Phasetronics Inc | Professional, Scientific, and Technical Services | - | - | - | - | |
| Pro Housing | - | - | - | Triple Net | - | |
| Upper Suncoast Dog Training | Retailer | - | - | - | - |
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Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-29-15-16488-000-0157 | Improvements Assessment | $903,651 |
| Land Assessment | $346,349 | Total Assessment | $1,250,000 |
Property Taxes
Parcel Number
01-29-15-16488-000-0157
Land Assessment
$346,349
Improvements Assessment
$903,651
Total Assessment
$1,250,000
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1601-1605 Sunshine Dr
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