Michael Andoniades Acquires Care Facilities In Saint Petersburg, FL For $3.05M
SOLD
$3,055,500
Florida
See Similar DealsOther10,691 SF
Sold 05/24/2022
SOLD
Michael Andoniades Acquires Care Facilities In Saint Petersburg, FL For $3.05M
434 4th Street North, St. Petersburg, Florida 33701, United States
See Similar DealsOther10,691 SF
Sold 05/24/2022
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$285
Total Square Footage:10,691 SF
Transaction Type:Sale
A care facility located at 434 4th St N in Saint Petersburg, FL has been sold in a transaction that took place on May 24, 2022. The property spans across 10,691 square feet and was sold for an amount of $3,055,500, resulting in a price per square foot of $285.
Summary of transaction details:
- Property Type: Care Facilities
- Transaction Amount: $3,055,500
- Address: 434 4th St N, Saint Petersburg, FL
- Market: Saint Petersburg, FL
- Buyer: Michael Andoniades
- Seller: Louis F. Berlanti
- Square Footage: 10,691
- Price Per Square Foot: $285
In this sale transaction, Michael Andoniades acquired the care facility property from Louis F. Berlanti. These individuals represented the buyer and seller, respectively, in the deal.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$162,960.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,855.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,484.63
Annual Debt Service$173,815.55
Is there something missing? Send suggestions
