Updated Oct 28, 2024
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
$2,175,000
$182/SF
Building Size
11,900 SF
Asset Type
Development Site
Closing
Dec 13, 2021
About this deal
AI
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
Saint Petersburg Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.29%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93