Coldwell Banker Residential Real Estate Acquires 2 Acres Of Land In Tierra Verde For $10.45M
490 Laguna Drive, Tierra Verde, Florida 33715, United States
$10,450,000
Building Size
—
Asset Type
—
Closing
Aug 3, 2022
About this deal
AI
The property involved in this transaction is a land located at 490 Laguna Drive - 501 Barcelona Drive in Tierra Verde. The land spans approximately 2 acres. The transaction took place on 08/04/2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $10,450,000
- Market: Tierra Verde
Fallon Arnold and Jennifer Zales, both from Coldwell Banker Residential Real Estate, acted as brokers in this deal.
The commercial sale at 490 Laguna Drive, Tierra Verde, Florida 33715, United States in Saint Petersburg, Florida sold for $10.5M in 2022. Fallon Arnold, Jennifer Zales, Coldwell Banker appear on the sale alongside Coldwell Banker. This page is the Saint Petersburg, Florida file for the 490 Laguna Drive, Tierra Verde, Florida 33715, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Saint Petersburg sit in the Market section below. Filter that Saint Petersburg commercial set by closing date to see what else sold near 490 Laguna Drive, Tierra Verde, Florida 33715, United States around 2022. Published consideration for 490 Laguna Drive, Tierra Verde, Florida 33715, United States is $10.5M, dated 2022. Cite this Coldwell Banker Residential Real Estate Acquires 2 Acres Of Land In Tierra Verde For $10.45M sale when underwriting similar commercial product around Saint Petersburg, Florida.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.52%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93