SOUTHWEST FLORIDA INDUSTRIAL SALE MAKES HISTORY AT $92.5M

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A 38,492-square-foot, three building office complex has sold in Clearwater.

The property is just outside downtown at 1225–1243 S. Myrtle Ave. and anchored by OptumCare. Colliers, which announced the sale, did not disclose a purchase price but Pinellas County records show it sold for $4.3 million.

The seller, a Clearwater LLC, paid $3.26 million for the complex in 2007.

As for the buyer, according to the Florida Division of Corporations, it is an LLC managed by the Belleair Bluffs-based real estate investment firm Mavryk Capital Management.

The property was 97% occupied at the time of sale.

Colliers’ John Gerlach, Jake Gerlach and Cyndi Cushman represented the seller. The buyer did not use a broker.

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