Nicholas Peters Of Prometheus Partners Acquires 81,000 SF Office Building In St. Petersburg For $28.2M
263 13th Avenue South
$28,200,000
$348/SF
Building Size
81,000 SF
Asset Type
Office
Closing
Jan 6, 2026
About this deal
AI
The property asset involved in this transaction is an office building located at 263 13th Avenue South in St. Petersburg. The sale occurred on January 6, 2026, and the property spans approximately 4.63 acres with a total square footage of 81,000. The final sale price was $28,200,000, which amounts to $348 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $28,200,000
- Square Footage: 81,000
- Sale Price per Square Foot: $348
- Address: 263 13th Avenue South
- Market: St. Petersburg
- Buyer: Nicholas Peters - Prometheus Partners
- Seller: Undisclosed Winter Park-based Owner
- Previous Purchase Price by Seller: $9,800,000
- Year Seller Acquired Property: 2000
This transaction was facilitated by Nicholas Peters representing Prometheus Partners. The buyer acquired the Bayboro Station office building, which includes an adjacent parking lot. The seller's identity has not been disclosed, but they previously purchased the property over two decades ago.
On the Map
$28,200,000
$348/SF
Office
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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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93