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
About this deal
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.
On the Map
$4,000,000
Office
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Players
Saint Petersburg Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
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