SOLD
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
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.
Players
Saint Petersburg CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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