REDFEARN CAPITAL

12900 N 44th St Clearwater, FL 33762

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  • 12900 44th Street North consists of one industrial building totaling 60,000 sf situated on 5.38 acres of land. The building was constructed in 1987 and consists of structural steel frame with block and metal walls. The roof consists of metal panels. Over 90% of the facility is air conditioned. Loading is provided by seven dock high and five grade level doors. Excess land is available for outside storage or future building expansion.
  • STICKY TENANT – Boyd Industries is a 60-year old manufacturer of specialized dental and medical chairs and cabinetry. 
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  • BELOW MARKET RENTS – The in-place rents are approximately 7% below market providing an ability to increase NOI upon rollover.
  • STRONG MARKET FUNDAMENTALS – The Mid-Pinellas industrial submarket has a 4.2% direct vacancy and just 1.5% manufacturing.
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  • EXCESS LAND – With 60,000 sf on 5.38 acres there is excess land for building expansion or outside storage

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