Harry Lipstein Acquires Retail Property From Christuian Yepes In St. Petersburg For $4.35M
1425 4th Street North
$4,350,000
$580/SF
Building Size
7,500 SF
Asset Type
Retail
Closing
May 15, 2024
About this deal
AI
The retail property located at 1425 4th Street North in St. Petersburg was successfully sold for $4,350,000. The asset spans 7,500 square feet, resulting in a price per square foot of $580.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,350,000
- Address: 1425 4th Street North
- Market: St. Petersburg
Harry Lipstein acquired the retail property from Christuian Yepes. The transaction was facilitated by brokers Gabriel Britti, Ronnie Issenberg, Ricardo Esteves, and Jonathan Gerszberg from Marcus & Millichap.
On the Map
$4,350,000
$580/SF
Retail
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Players
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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93