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
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