Updated Dec 20, 2023
Cory Gaffney & Thomas F. Gaffney Acquire Manufacturing/Processing Property In Saint Petersburg, FL For $4.05M
2233 3rd Avenue South, St. Petersburg, Florida 33712, United States
$4,050,000
$144/SF
Building Size
28,002 SF
Asset Type
Industrial
Closing
Jan 24, 2022
About this deal
AI
The manufacturing/processing property located at 2233 3rd Ave S in Saint Petersburg, FL has been sold in a transaction that took place on January 25, 2022. The property spans a total of 28,002 square feet and was sold for a price of $4,050,000, resulting in a price per square foot of $145.
Summary of transaction details
- Property Type: Manufacturing/Processing
- Transaction Amount: $4,050,000
- Address: 2233 3rd Ave S, Saint Petersburg, FL
- Market: Saint Petersburg, FL
- Buyer: Cory Gaffney & Thomas F. Gaffney
- Seller: Giordano Pozzi
- Square Footage: 28,002
- Price per Square Foot: $145
The transaction was facilitated by Cory Gaffney & Thomas F. Gaffney, representing the buyer, and Giordano Pozzi, representing the seller.
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
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93