Heath Boksen Sells Mixed-Use Property In Saint Petersburg For $3.3M
111 West Drive, St. Petersburg, FL, USA
$3,275,000
$260/SF
Building Size
12,570 SF
Asset Type
Mixed-use
Closing
Jul 13, 2021
About this deal
AI
The mixed-use property located at 111 Boardwalk Pl W 307, 103, 301, 101, 201, 303 & 203 in Saint Petersburg has been sold in a recent transaction. The property spans a total area of 12,570 square feet. The sale price for the property was $3,275,000, resulting in a price per square foot of $261.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,275,000
- Address: 111 Boardwalk Pl W 307, 103, 301, 101, 201, 303 & 203, Saint Petersburg
- Market: Saint Petersburg
The buyer of the property is 111 Boardwalk LLC, while Heath Boksen acted as the seller.
Players
Saint Petersburg Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.84%
Cash-on-Cash
-1.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93