facebook
Traded Co logo
Submit

Harry Lipstein Acquires Retail Property From Christuian Yepes In St. Petersburg For $4.35M

Property Image
SOLD
$4,350,000
Jonathan Gerszberg
Ronnie Issenberg
Ricardo Esteves
+ 1

Florida

See Similar Deals
Retail7,500 SF
Sold 05/15/2024
the dealplayerscompscontact
Property Image
SOLD

Harry Lipstein Acquires Retail Property From Christuian Yepes In St. Petersburg For $4.35M

1425 4th Street North

See Similar Deals
Retail7,500 SF
Sold 05/15/2024
Jonathan Gerszberg
Ronnie Issenberg
Ricardo Esteves
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$580
Total Square Footage:7,500 SF
Transaction Type:Sale

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

Gabriel Britti
Marcus & Millichap
Gabriel Britti
70 deals$502.2M volume(786) 522-7017
BROKER
Ricardo Esteves
Marcus & Millichap
Ricardo Esteves
60 deals$419.6M volume(786) 522-7054
BROKER
Ronnie Issenberg
Marcus & Millichap
Ronnie Issenberg
71 deals$509.2M volume(786) 522-7013
BROKER
Jonathan Gerszberg
Marcus & Millichap
Jonathan Gerszberg
9 deals$76.4M volume
BROKER

Details

SOLD
IMAGE: Ricardo Esteves, Gabriel Britti, Ronnie Issenberg & Jonathan Gerszberg DATE: 05/15/2024 ADDRESS: 1425 4th Street North MARKET: St. Petersburg ASSET TYPE: Retail BUYER: Harry Lipstein SELLER: Christuian Yepes BROKERS: Gabriel Britti (@Gabriel.Britti), Ronnie Issenberg (@RonIssenberg), Ricardo Esteves (@Ricardo_Esteves) & Jonathan Gerszberg (@Dr_Jonny_G) - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $4,350,000 SF: 7,500 ~ PPSF: $580

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$232,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,454.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,621.22
Annual Debt Service$247,454.63