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Lance Zar Of Zar Capital Group Secures $2.246M Acquisition Loan For Retail Asset In St. Petersburg

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FINANCED
$2,246,000

Florida

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Retail7,000 SF
Financed 11/18/2024
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Property Image
FINANCED

Lance Zar Of Zar Capital Group Secures $2.246M Acquisition Loan For Retail Asset In St. Petersburg

2130 Central Avenue

See Similar Deals
Retail7,000 SF
Financed 11/18/2024
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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.

Players

Kevin Hakimi
2 deals$17.2M volume(516) 350-8529
BROKER

Details

FINANCED
IMAGE: Lance Zar & Kevin Hakimi DATE: 11/18/2024 ADDRESS: 2130 Central Avenue MARKET: St. Petersburg ASSET TYPE: Retail ~ SF: 7,000 LANDLORD: Lance Zar (@Lance_Zar) - Zar Capital Group BROKER: Kevin Hakimi (@Kevin.Hakimi1) - Elite Capital Advisors LOAN AMOUNT: $2,246,000 LOAN TYPE: Acquisition

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Deal Type
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