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114 4th Street South, St. P...

Elevate Partners Acquires Saint Petersburg Office Building For $4M
SOLDOffice

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

EP
Elevate PartnersBuyer

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