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
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