Michael Andoniades Acquires Care Facilities In Saint Petersburg, FL For $3.05M
434 4th Street North, St. Petersburg, Florida 33701, United States
$3,055,500
$285/SF
Building Size
10,691 SF
Asset Type
Other
Closing
May 23, 2022
About this deal
AI
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.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.19%
Cash-on-Cash
-1.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93