Belleair Bluffs-based real estate investment firm Mavryk Capital Management has purchased a 38,492 sq ft, three-building office complex at 1225–1243 S. Myrtle Avenue in Clearwater, Florida, USA, for $4.3m (€3.96m), securing a near-fully occupied asset just outside the city's downtown core.

Business Observer reported that the property is anchored by healthcare provider OptumCare and was 97% occupied at the time of sale, reflecting the continued demand for well-tenanted suburban office assets in the Tampa Bay market.

Colliers announced the transaction but did not disclose the purchase price. The figure of $4.3m was confirmed through Pinellas County property records. The seller, a Clearwater LLC, originally paid $3.26m (€3m) for the complex in 2007, representing a gain of just over $1m (€0.92m) over the holding period.

Colliers' John Gerlach, Jake Gerlach, and Cyndi Cushman represented the seller in the transaction. The buyer did not engage a broker.

The deal follows a series of office transactions in Clearwater in early 2026. In March, Clearwater-based European Equities acquired Corporate Square, a 68,936 sq ft office building at 28050 U.S. Highway 19 North, for $5.3m (€4.88m), despite the property being only 42.9% occupied at the time of sale. In February, Northside Square, a 49,944 sq ft building at 29399 U.S. Highway 19 North, traded for $5.8m (€5.34m) at 96% occupancy.

The clustering of transactions points to sustained investor appetite for office assets across Clearwater's suburban corridors, where pricing, occupancy levels, and proximity to the Tampa Bay professional services market continue to attract private capital.

Get the full details on the Myrtle Avenue office complex sale and Clearwater's commercial property market.