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2401 Anvil Street North, St...

Richard Schontz & George Thacker Acquire Self-Storage Property In Saint Petersburg, FL For $2.04M
SOLD

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.

Players

Richard Schontz

City Line Capital

Buyer

$25M

vol

2 deals

Buyer

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