Denholtz Properties Secures $13.14M Loan For Industrial Property In Saint Petersburg
11001 Roosevelt Blvd N, St. Petersburg, FL 33716, USA
$13,140,000
$63/SF
Building Size
206,000 SF
Asset Type
Industrial
Closing
Aug 13, 2020
AI
The industrial property located at 11001 Roosevelt Boulevard in Saint Petersburg was involved in a recent transaction. The loan for this property was provided by Thorofare Capital, with David Perlman representing the lender. The loan amount for this transaction was $13,140,000. The property spans across 206,000 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,140,000
Steven Denholtz, representing Denholtz Properties, acted as the landlord in this deal. He played a significant role in the transaction, representing the property owner.
Players
Saint Petersburg Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.21%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93