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2160 Central Avenue, St. Pe...

Updated Oct 28, 2024

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

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

Jennifer Santana

Sotheby's International Realty

Broker

$2.2M

vol

1 deal

Broker

Saint Petersburg Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $182 per square foot on a published $2.2M for 11,900 square feet (2021).

Visit Kyle Masterson to view all their deals.

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

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