Lance Zar Of Zar Capital Group Secures $2.246M Acquisition Loan For Retail Asset In St. Petersburg
FINANCED
$2,246,000
Florida
See Similar DealsRetail7,000 SF
Financed 11/18/2024
FINANCED
Lance Zar Of Zar Capital Group Secures $2.246M Acquisition Loan For Retail Asset In St. Petersburg
2130 Central Avenue
See Similar DealsRetail7,000 SF
Financed 11/18/2024
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$320
Total Square Footage:7,000 SF
Transaction Type:Loan
The property involved in this transaction is located at 2130 Central Avenue in St. Petersburg. It is a retail asset with a total square footage of 7,000. The loan amount secured for the acquisition of this property is $2,246,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,246,000
- Address: 2130 Central Avenue
- Market: St. Petersburg
- Landlord: Lance Zar - Zar Capital Group
- Broker: Kevin Hakimi - Elite Capital Advisors
- Loan Type: Acquisition
Key individuals in this transaction include Lance Zar, representing Zar Capital Group, who is the landlord. The broker facilitating the deal is Kevin Hakimi from Elite Capital Advisors, who plays a crucial role in managing the transaction process.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,246,000.00
Monthly NOI$14,973.33
Monthly Debt Service$14,196.25
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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