This 32,755 square foot industrial complex is comprised of 5 free-standing buildings ranging in size from 5,040 square feet to 10,000 square feet. The complex is 100% leased and has been for many years with a waiting list of prospective tenants. The current rents are below market rates and can be increased as leases expire for higher profitability. Most of the tenants are long-term and have been at this location for more than 10 years. All of the roofs have been replaced. The complex is ideal for an investor who is looking for investment security and has upside potential of increased rental income. This investment opportunity offers a potential 35,000 – 50,000 square feet of building expansion. The property also has excellent redevelopment potential for a variety of compatible uses. Ideal for last mile tenants as well as many other uses for the area, including retail, flex and industrial users.
32,755 SF Industrial Complex
Five Free-Standing 5,040 SF to 10,000 SF Buildings
Hold Thyssen, Inc. has been retained as the Exclusive Agent for HB Sealing Products, Inc. in the marketing and sale of their corporate headquarters facility in Clearwater, Florida. Klein & Heuchan, Inc., a prominent local commercial brokerage firm will be assisting in the process and acting as sub-agents for Hold Thyssen, Inc.
The HB Sealing Products, Inc. building is situated on 4.02 acres of prime land within the Hercules Industrial Park of Clearwater, Florida. The property has 340’ of frontage on a major arterial road along with prominent site signage, offering a unique opportunity for an owner/user to acquire a signature office/warehouse facility that will showcase their corporate identity.
The building totals 73,677 Sq. Ft. and comprises of 49,040 Sq. Ft. of air-conditioned warehouse and 24,637 Sq. Ft. of professional office space on two floors. The property is in excellent condition and offers a buyer the opportunity to acquire a premium asset at below replacement cost.
One of a very few sites of this size in the area. 7 ¾ acres of development land. Perfect for any retailer, mixed use or self-storage. 24.000 SF buildings are old and should be removed for highest investment use.
Multi-family density is 24 units to the acre. Largo has a Special Area Plan (SAP) that is proposed that could increase the density to 55 units per acre.