Elevate Partners Acquires Saint Petersburg Office Building For $4M
114 4th Street South, St. Petersburg, Florida 33701, United States
$4,000,000
Building Size
—
Asset Type
Office
Closing
Mar 3, 2022
AI
Blake Whitney Thompson has sold a property located at 114 4th St. South in Saint Petersburg. The transaction took place on 03/04/2022, and the property was sold for a total price of $4,000,000. Elevate Partners was the buyer in this office market transaction.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,000,000
- Address: 114 4th St. South, Saint Petersburg
- Market: Office
Blake Whitney Thompson represented themselves as the seller in this transaction. The buyer, Elevate Partners, acquired the property for the specified price.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93