Stearns Bank Building St Pete

Office for Sale
Catylist Listing ID: 30647801
Property Subtypes: Institutional, Office Building
Building Size (RSF): 11,236 SF
Sale Price: $4,000,000
Unit Price: $356 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Stearns Bank Building
Class of Space: Class B
Sale Terms: Sale/Leaseback
Cap Rate: 5.6%
Last Updated: 1/21/2021

Overview / Comments

Stearns Bank Office in St Petersburg Florida. Stearns Bank National Association is headquartered in Saint Cloud and is the 5th largest bank in the state of Minnesota. It is also the 431st largest bank in the nation. It was established in 1912 and as of June of 2020, it had grown to 443 employees at 8 locations. Stearns Bank National Association's money market rates are 14% higher than the national average, and it has an A health rating.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: Pinellas County
Tax ID/APN: 17 30 30 30064 001 0010
Property Located Between: 75th and 76th Ave E
Property Visibility: Excellent
Highway Access: Near I 275 and the Tampa Bay bridges
Airports: Tampa International Airport and St Petersburg/ Clearwater Airport
Site Description: The Building is mixed community of residential and professional properties in a Parklike setting.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,099 99,479 235,087
Median Age: 43.22 43.85 42.02
Households: 8,300 45,770 104,528


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