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
About this deal
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.
On the Map
$6,000,000
$447/SF
Retail
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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