Updated Oct 29, 2024
Woodhill Real Estate LLC Acquires Industrial Property In Pinellas Park For $6M
7301 114th Ave, Largo, FL 33773, USA
$6,000,000
$63/SF
Building Size
94,000 SF
Asset Type
Industrial
Closing
Jul 13, 2020
About this deal
AI
The industrial property located at 7301 114th Ave in Pinellas Park has been sold for $6,000,000. The property spans an area of 94,000 square feet, resulting in a price per square foot of $63. The buyer, Woodhill Real Estate LLC, acquired the property from Nautical Structures. The transaction was facilitated by Scott Clendening from Commercial Partners Realty.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,000,000
- Square Footage: 94,000
- Price Per Square Foot: $63
- Address: 7301 114th Ave, Pinellas Park
- Market: Pinellas Park
Scott Clendening, representing Commercial Partners Realty, played a pivotal role in facilitating the deal between Woodhill Real Estate LLC and Nautical Structures.
Players
Largo 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93