Espana Business Center
Closed1684 N Belcher Road , Clearwater, FL 33765
Property type
Office
Price
$2,275,000
Building size
24,636 sf
Rentable area
24,636 SF
Year built
1980
Year renovated
Property class
A
Occupancy
Zoning code
Lot size
1.83 Acres
Sold/status
Sold · Date unknown
Sale price
$2275000
Property description
Espana Business Center totals 24,636 Rentable Square Feet and is 100% Occupied by 9 professional and well-established business. Net leases are in place however some are Modified Gross. Current rents are below market with short term leases in place. Upside can be realized by extending tenants' length of term at market lease rates. The property features FLEX space and benefits from 9 roll-up doors as well as 400 feet of frontage on 66th St N. Espana Business Center is located in a highly sought after Tampa Bay Market, whose population is expected to grow at a rate more than two times faster than the national average.
Property highlights
- Espana Business Center totals 24,636 Rentable Square Feet, situated on 1.83 acres in Pinellas County, the most densely populated county in Florida
- 300 Feet of Frontage on N. Belcher Rd
- Diverse mix of professional and well-established tenants who have shown commitment to the property, including Fuse Lenses, AeroCareUSA, JS Wholesale Distribution, and Handyworks Property Services
- Benefits from two ingress/egress and a large pylon sign
- Buildings and HVAC systems have been well maintained
- IRT Zoning (Industrial, Research, and Technology) offers flexible development standards with the intent to establish areas for economic development and to provide high-quality jobs without adversely impacting adjacent neighborhoods
- Well connected with regional access provided via I-275 and US-19, as well as two international airports (St-Pete-Clearwater and Tampa)
- Access to skilled labor pool within a robustTampa Bay Market, which is expected to grow from its current population of 4 million to 6 million by 2030 (www.pced.org)