Richard Schontz & George Thacker Acquire Self-Storage Property In Saint Petersburg, FL For $2.04M
2401 Anvil Street North, St. Petersburg, Florida 33710, United States
$2,044,400
$170/SF
Building Size
12,000 SF
Asset Type
—
Closing
Sep 9, 2022
AI
A self-storage property located at 2401 Anvil St N in Saint Petersburg, FL, has been sold for $2,044,400. The property spans over 12,000 square feet, resulting in a price per square foot of $170.
Summary of transaction details
- Property Type: Self-Storage
- Transaction Amount: $2,044,400
- Address: 2401 Anvil St N, Saint Petersburg, FL
- Market: Saint Petersburg, FL
- Buyer: Richard Schontz & George Thacker
- Seller: Laurie Shader Smith & Marc M Smith
- Square Footage: 12,000
- Price per Square Foot: $170
Richard Schontz and George Thacker have acquired the self-storage property located at 2401 Anvil St N in Saint Petersburg, FL, from sellers Laurie Shader Smith and Marc M Smith. This transaction highlights the active participation of these individuals in the real estate market.
Saint Petersburg CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.76%
Cash-on-Cash
-2.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93