RKG Holdings Acquires Retail Property In St. Petersburg's Grand Central District

An investor associated with Rahul Gupta of RKG Holdings has acquired the China Finders property located at 2823 Central Avenue in St. Petersburg's Grand Central district. The property was sold for approximately $2.18 million and is classified as a retail asset. Spanning across 4,550 square feet, the property has a price per square foot of $479. The deal took place on July 12, 2023. The sale of this property contributes to the ongoing development and revitalization of the district, which includes various projects such as townhomes and an apartment tower.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $2,180,000
• Square Footage: 4,550
• Price per Square Foot: $479
• Address: 2823 Central Avenue
• Market: St. Petersburg

Rahul Gupta, representing RKG Holdings, facilitated the acquisition of the China Finders property. Waterfall Bank provided the necessary funding as the lender in the transaction. The buyer aims to leverage the potential of the Grand Central district's ongoing development and investment opportunities. This sale underscores the investor's confidence in the future growth and potential of the area.