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Nicolas Molina Of Endangered Investments Acquires Development Site On Central Ave In St Petersburg For $2.18M

Property Image
SOLD
$2,175,000

Florida

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Development Site11,900 SF
Sold 12/13/2021
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Property Image
SOLD

Nicolas Molina Of Endangered Investments Acquires Development Site On Central Ave In St Petersburg For $2.18M

2160 Central Avenue, St. Petersburg, Florida 33712, United States

See Similar Deals
Development Site11,900 SF
Sold 12/13/2021
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$182
Total Square Footage:11,900 SF
Transaction Type:Sale

2160 Central Ave in St Petersburg has been sold in a recent transaction. The property, a development site, was purchased by Nicolas Molina from the seller, Jonathan Daou. The sale was facilitated by Jennifer Santana and Kyle Masterson from ONE Sotheby’s International Realty and Vector Realty respectively, representing the buyer and seller.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $2,175,000
  • Square Footage: 11,900 SF
  • Price per Square Foot: $183

Nicolas Molina, from Endangered Investments, acted as the buyer in the deal. The property was sold for a price of $2,175,000, at a rate of $183 per square foot, resulting in a total square footage of 11,900 SF. Jennifer Santana from ONE Sotheby’s International Realty and Kyle Masterson from Vector Realty played crucial roles as brokers, representing the buyer and seller respectively.

Players

Jennifer Santana
1 deal$2.2M volume
BROKER

Kyle Masterson
2 deals$5.5M volume
BROKER

Details

SOLD
IMAGE: Jennifer Santana & Nicolas Molina DATE: 12/13/2021 ADDRESS: 2160 Central Ave MARKET: St Petersburg ASSET TYPE: Development Site BUYER: Nicolas Molina - Endangered Investments SELLER: Jonathan Daou BROKERS: ONE Sotheby’s International Realty - Jennifer Santana (@Jennifer.Santana) & Kyle Masterson - Vector Realty SALE PRICE: $2,175,000 SF: 11,900 ~ PPSF: $183 BSF: 29,900 ~ PPBSF: $73

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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