101 Starcrest Dr Clearwater, FL 33765

Property Details for 101 Starcrest Dr

Year built

1973

Construction

CONCRETE BLOCKS

Lot size

3.37 lot acres

Property size

27,968 SF

Property type

Office buildings

APN

13-29-15-00000-110-0700

APU

132915000001100700

Description

This exceptional Class A office building in Clearwater, Florida presents a compelling investment opportunity. The 31,526 square foot, two-story building sits on a 3.36-acre lot and is fully leased to a credit-rated tenant, Marsh McLennan, under a gross lease agreement. The current lease, commencing February 1, 2024, and expiring January 31, 2029, provides a remaining term of 4.2 years with a 3% annual rent bump. The property boasts a strong pro-forma NOI of $333,000. Extensive renovations were completed in 2019, encompassing a full interior remodel with Class A finishes, including new millwork, upgraded interior finishes, modern partitions, stylish flooring, energy-efficient LED lighting, updated restrooms, and elegant interior doors with glass sidelights. The HVAC units were largely replaced in 2018/2019, and a new roof was installed in 2021. The building features a prominent monument sign, ample surface parking, and mature landscaping. Interior amenities include a spacious lobby with a circular driveway, a boardroom, coffee/catering station, multiple meeting/conference rooms, breakrooms on each floor, training rooms, storage, and various sized private offices, along with dedicated mail and IT rooms. The property is zoned for office use and offers a mix of private offices and open areas suitable for cubicles. This stabilized investment property is a rare find in the desirable Clearwater market. The asking price is $4,600,000. Pinellas County APN: 13-29-15-00000-110-0700.

Location Insight

City

Clearwater

County

Pinellas

State

Florida

Longitude

-82.749

Latitude

27.9662

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments