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3700 34th Street North

Rich Almonte Purchases Retail Property From Ashley Rose In St. Petersburg For $3.75M
SOLDRetail

Rich Almonte Purchases Retail Property From Ashley Rose In St. Petersburg For $3.75M

3700 34th Street North

$3,750,000

$241/SF

Building Size

15,525 SF

Asset Type

Retail

Closing

May 6, 2026

AI

The retail asset located at 3700 34th Street North in St. Petersburg has been sold for $3,750,000. The property encompasses a total square footage of 15,525, translating to a price per square foot of $241.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,750,000
  • Address: 3700 34th Street North
  • Market: St. Petersburg
  • Square Footage: 15,525
  • Price per Square Foot: $241
  • Buyer: Rich Almonte
  • Seller: Ashley Rose
  • Broker Representatives: Ronnie Issenberg, Gabriel Britti, Alan Lipsky, Barry Wolfe - Marcus & Millichap

The key individuals involved in this transaction include buyer Rich Almonte and seller Ashley Rose. The brokers representing the deal from Marcus & Millichap are Ronnie Issenberg, Gabriel Britti, Alan Lipsky, and Barry Wolfe.

Players

Barry Wolfe

Marcus & Millichap

Broker

$118.5M

vol

16 deals

Broker
Ashley Rose

Ashley Rose

Seller

$10.8M

vol

4 deals

Seller

Saint 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

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93