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
About this deal
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