Niznik Investments Acquires Retail Asset In Clearwater For $3,450,000 From Greybridge Partners
3245 Executive Drive
$3,450,000
$547/SF
Building Size
6,300 SF
Asset Type
Retail
Closing
Mar 9, 2021
About this deal
AI
The property asset involved in this transaction is a retail space located at 3245 Executive Drive in Clearwater. The sale price of the property was $3,450,000.00, and it encompasses a total square footage of 6,300.0.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,450,000.00
- Address: 3245 Executive Drive
- Market: Clearwater
- Square Footage: 6,300.0
- Buyer: Niznik Investments
- Seller: Greybridge Partners
- Broker Representatives: Alejandro Snyder - Current Real Estate Advisors, Michael B. Williams -
In this transaction, Niznik Investments acted as the buyer represented by Alejandro Snyder, while Greybridge Partners was the seller with Michael B. Williams involved as well. The deal highlights the collaborative efforts of the broker representatives in facilitating the sale of the retail asset.
On the Map
$3,450,000
$547/SF
Retail
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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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93