Niznik Investments Acquires Retail Space From Greybridge Partners For $3,450,000 In Clearwater
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 is a retail space located at 3245 Executive Drive in Clearwater. The transaction was completed at a price of $3,450,000.00, encompassing a total square footage of 6,300.0.
Summary of transation 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
- Brokers: Alejandro Snyder - Current Real Estate Advisors, Michael B. Williams
The deal involved Niznik Investments as the buyer and Greybridge Partners as the seller, with Alejandro Snyder from Current Real Estate Advisors and Michael B. Williams representing the brokers in this transaction.
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