Updated Apr 7, 2026
Eric Levitt Purchases Industrial Asset From Jerry Doorn In St. Petersburg For $7.2M
3200 Tyrone Boulevard North
$7,200,000
$105/SF
Building Size
68,400 SF
Asset Type
Industrial
Closing
Mar 27, 2026
About this deal
AI
The property asset involved in this transaction is located at 3200 Tyrone Boulevard North in St. Petersburg. The industrial asset encompasses a total of 68,400 square feet and was sold for $7,200,000, which translates to a price per square foot of $105.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,200,000
- Address: 3200 Tyrone Boulevard North
- Market: St. Petersburg
- Square Footage: 68,400
- Price per Square Foot: $105
- Buyer: Eric Levitt
- Seller: Jerry Doorn
- Broker: Nick Watson - Matthews
The key individuals involved in this deal include Eric Levitt as the buyer, and Jerry Doorn as the seller. The transaction was facilitated by Nick Watson from Matthews, who represented the seller in the closing of this industrial property transaction.
On the Map
$7,200,000
$105/SF
Industrial
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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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93