Thompson Family Acquires Retail Space From Igor Niznik In Clearwater For $3.6M
SOLD
$3,600,000
Florida
See Similar DealsRetail6,300 SF
Sold
SOLD
Thompson Family Acquires Retail Space From Igor Niznik In Clearwater For $3.6M
3245 Executive Drive
See Similar DealsRetail6,300 SF
Sold
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$571
Total Square Footage:6300 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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