Millan Holdings, LLC Acquires Retail Property In St. Petersburg For $7.3M
11100 4th Street North, St Petersburg, Florida 33716, United States
$7,300,000
$92/SF
Building Size
78,781 SF
Asset Type
Retail
Closing
May 8, 2022
AI
Millan Holdings, LLC has acquired a retail property located at 11100 4th Street North in St. Petersburg. The transaction took place on 05/09/2022 for a sale price of $7,300,000. The property spans across 78,781 square feet, resulting in a price per square foot of $93.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,300,000
- Address: 11100 4th Street North, St. Petersburg
- Market: St. Petersburg
Mark Shellabarger & Ari Ravi from CBRE represented the buyer, Millan Holdings, LLC, in this transaction.
Saint Petersburg Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93