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200 Carillon Parkway, St. P...

Webull Corporation Acquires Office Property In St. Petersburg For $29.5M
SOLDOffice

Webull Corporation Acquires Office Property In St. Petersburg For $29.5M

200 Carillon Parkway, St. Petersburg, Florida 33716, United States

$29,500,000

$187,898/SF

Building Size

157 SF

Asset Type

Office

Closing

Apr 17, 2023

AI

The office property located at 200 Carillon Pkwy in St. Petersburg has been sold in a closed transaction. The property, spanning 157,755 square feet, was sold by Catalina Marketing to Webull Corporation for a sale price of $29,500,000. The selling price equates to a price per square foot of $187.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: $29,500,000
  • Address: 200 Carillon Pkwy, St. Petersburg
  • Market: St. Petersburg
  • Asset Type: Office

The deal was facilitated by the brokerage firm Cushman & Wakefield. Rick Brugge, Mike Davis, Rick Colon, Dominic Montazemi, Chloe Strada, and Zach Eicholtz from Cushman & Wakefield represented both the buyer, Webull Corporation, and the seller, Catalina Marketing, in the transaction.

Players

Dominic Montazemi

Cushman & Wakefield

Broker

$4.2B

vol

90 deals

Broker
CM
Catalina MarketingSeller

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

0.54%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93