Bruce Qvale & Laura Hiura Acquire Showroom Property On Gandy Blvd In Pinellas Park, FL For $6M
SOLD
$6,000,000
Florida
See Similar DealsRetail13,401 SF
Sold 06/27/2022
SOLD
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
See Similar DealsRetail13,401 SF
Sold 06/27/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$447
Total Square Footage:13,401 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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