Thompson Family Acquires Retail Space From Igor Niznik In Clearwater For $3.6M
3245 Executive Drive
$3,600,000
$571/SF
Building Size
6,300 SF
Asset Type
Retail
Closing
Dec 14, 2025
AI
The asset involved in this transaction is a retail property located at 3245 Executive Drive in Clearwater. The sale price of the property was $3,600,000, with a total square footage of 6,300, resulting in a price per square foot of $571.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,600,000
- Address: 3245 Executive Drive
- Market: Clearwater
- Square Footage: 6,300
- Price Per Square Foot: $571
- Buyer: Thompson Family - EDEV Partners
- Seller: Igor Niznik
- Brokers: Alejandro Snyder & Michael B Williams - Current Real Estate Advisors
The individuals involved in the transaction include the buyers, the Thompson Family represented by EDEV Partners, and the seller, Igor Niznik. The brokers facilitating the deal are Alejandro Snyder and Michael B Williams from Current Real Estate Advisors.
Players
Clearwater 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93