Updated Oct 29, 2024
LIV Development Acquires Pinellas Park Multifamily Development Site For $9.2M
7950 Park Blvd N, Pinellas Park, FL, USA
$9,200,000
$6,133/SF
Building Size
1,500 SF
Asset Type
Development Site
Closing
Nov 9, 2020
About this deal
AI
A multifamily development site in Pinellas Park has been sold for $9,200,000. The property, located at 7950 Park Blvd, spans across 19 acres, resulting in a price per acre of $484,210. The transaction took place on November 10, 2020. Nancy Surak of Land Advisors Organization represented the seller, Huntley Properties, in the deal. The buyer was LIV Development.
Summary of transaction details
- Property Type: Multifamily Development Site
- Transaction Amount: $9,200,000
- Address: 7950 Park Blvd
- Market: Pinellas Park
- Acres: 19
- Price per Acre (PPA): $484,210
- Date: November 10, 2020
Nancy Surak, from Land Advisors Organization, acted as the representative for Huntley Properties in this transaction. LIV Development, the buyer, secured the multifamily development site in Pinellas Park. The deal was successfully concluded on November 10, 2020.
On the Map
$9,200,000
$6,133/SF
Development Site
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Players
Pinellas Park 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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93