REVA Acquires Office Building In Saint Petersburg For $19M
100 Carillon Parkway, St. Petersburg, FL, USA
$19,000,000
$237/SF
Building Size
80,000 SF
Asset Type
Office
Closing
Sep 30, 2021
About this deal
AI
The office property located at 100 Carillon Parkway in Saint Petersburg has been sold in a recent transaction. The sale took place on October 1, 2021.
Summary of transaction details
- Property Type: Office
- Sale Price: $19,000,000
- Square Footage: 80,000 SF
- Price per Square Foot: $238
- Address: 100 Carillon Parkway, Saint Petersburg
- Market: Saint Petersburg
The buyer of the property is REVA, represented by Gary Grossman. The seller is SH 100 St. Pete LLC. The transaction amount for the sale was $19,000,000. The office space spans 80,000 square feet, resulting in a price per square foot of $238.
Players
Saint Petersburg Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93