101 N Starcrest Dr Clearwater, FL 33765

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.