William F.Karns & Marcus Winters Acquire Retail Property In Saint Petersburg,FL For $13.5M
15023 Gulf Boulevard, Madeira Beach, Florida 33708, United States
$13,500,000
$2,984/SF
Building Size
4,524 SF
Asset Type
Retail
Closing
Feb 9, 1922
About this deal
AI
The property asset involved in this transaction is a retail property located at 15023 Gulf Blvd, 15031 Gulf Blvd, 15042 Madeira Way, 15006 Madeira Way, 15026 Madeira Way, 15040 Madeira Way, and 15000 Madeira Way in Saint Petersburg, FL. The property spans a total of 4,524 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $13,500,000
- Price per Square Foot: $2,984
- Buyer: William F. Karns & Marcus Winters
- Seller: Marisa Kugelmann
- Date: 02/10/22
William F. Karns and Marcus Winters were the buyers in this transaction, while Marisa Kugelmann served as the seller. The deal was closed on 02/10/22.
Players
Madeira Beach 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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93