Updated Dec 20, 2023
Andrew T. Mathis Acquires Industrial Property In Saint Petersburg, FL For $4.6M
12000 28th Street North, St. Petersburg, Florida 33716, United States
$4,600,000
$164/SF
Building Size
27,918 SF
Asset Type
Industrial
Closing
Sep 14, 2022
About this deal
AI
The industrial property located at 12000 28th St N in Saint Petersburg, FL has been sold. The property spans 27,918 square feet and was sold for a price of $4,600,000, resulting in a price per square foot of $164.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,600,000
- Square Footage: 27,918
- Address: 12000 28th St N, Saint Petersburg, FL
- Market: Saint Petersburg, FL
The buyer of the property is Andrew T. Mathis, and the seller is Chad T London & Saul S Epstein.
Players
Saint Petersburg Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93