Rich Almonte Purchases Retail Property From Ashley Rose In St. Petersburg For $3.75M
SOLD
$3,750,000
+ 2
Florida
See Similar DealsRetail15,525 SF
Sold 05/07/2026
SOLD
Rich Almonte Purchases Retail Property From Ashley Rose In St. Petersburg For $3.75M
3700 34th Street North
See Similar DealsRetail15,525 SF
Sold 05/07/2026
+ 2
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$241
Total Square Footage:15,525 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96
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