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Third Lake Partners Acquires Hotel In St. Petersburg For $6.35M

Property Image
SOLD
$6,350,000

Florida

See Similar Deals
Hotel28 SF
Sold 06/01/2023
the dealdetailscomps
Property Image
SOLD

Third Lake Partners Acquires Hotel In St. Petersburg For $6.35M

711 3rd Avenue South, St. Petersburg, Florida 33701, United States

See Similar Deals
Hotel28 SF
Sold 06/01/2023
the dealdetailscomps

Summary

FLORIDA
Asset Type:Hotel
Price Per Square Foot:$226,785
Total Square Footage:28 SF
Transaction Type:Sale

A hotel located at 711 3rd Ave. S in St. Petersburg has been sold for a total of $6,350,000. The property, owned by F212 Holdings LLC, was purchased by Third Lake Partners, represented by Ken Jones.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $6,350,000
  • Address: 711 3rd Ave. S, St. Petersburg
  • Market: St. Petersburg

Ken Jones, acting on behalf of Third Lake Partners, acquired the hotel from F212 Holdings LLC. The transaction included 74 keys, with an average price per key of $85,810. The total square footage of the hotel is 28,548, resulting in a price per square foot of $222.

Players

TP
Third Lake Partners
BUYER

Details

SOLD
IMAGE: Ken Jones DATE: 01/06/2023 ADDRESS: 711 3rd Ave. S MARKET: St. Petersburg ASSET TYPE: Hotel BUYER: Third Lake Partners - Ken Jones SELLER: F212 Holdings LLC SALE PRICE: $6,350,000 KEYS: 74 ~ PPK: $85,810 SF: 28,548 ~ PPSF: $222

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