Alexandra Nusca Acquires Retail Property In St. Petersburg For $4.6M
3637 34th Street
$4,615,000
$619/SF
Building Size
7,447 SF
Asset Type
Retail
Closing
Dec 23, 2022
About this deal
AI
The retail property located at 3637 34th Street in St. Petersburg, FL has been sold for a total of $4,615,000. The property spans across 7,447 square feet and was purchased by Alexandra Nusca.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,615,000
- Address: 3637 34th Street, St. Petersburg, FL
- Market: St. Petersburg, FL
- Buyer: Alexandra Nusca
Representing Alexandra Nusca in the deal were Jonathan Squires, Joshua Neustadter, and Austin Weiner of Cushman & Wakefield, along with Robert Sharfstein from RPS Capital Management.
Players
St. Petersburg 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
3.44%
Cash-on-Cash
-0.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93