Bruce Qvale & Laura Hiura Acquire Showroom Property On Gandy Blvd In Pinellas Park, FL For $6M
3033 Gandy Boulevard, Pinellas Park, Florida 33782, United States
$6,000,000
$447/SF
Building Size
13,401 SF
Asset Type
Retail
Closing
Jun 26, 2022
AI
The showroom property located at 3033 Gandy Blvd in Pinellas Park, FL was recently sold in a closed transaction. The property spans 13,401 square feet and was sold for a price of $6,000,000, resulting in a price per square foot of $447. The transaction took place on June 27, 2022.
Summary of transaction details:
- Property Type: Showroom
- Transaction Amount: $6,000,000
- Address: 3033 Gandy Blvd, Pinellas Park, FL
- Market: Pinellas Park, FL
The buyer in this transaction was Bruce Qvale and Laura Hiura, while the seller was Alan J. Wildsteins.
Players
Pinellas Park 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93