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
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.
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