Isadore Brown & Gilbert Hayat Acquire Retail Property On Park Blvd & Ulmerton Rd In Pinellas Park & Largo For $4.55M
4045 Park Blvd, Pinellas Park, FL, USA
$4,550,000
$291/SF
Building Size
15,616 SF
Asset Type
Retail
Closing
Aug 10, 2021
About this deal
AI
A retail property located at 4045 Park Blvd & 9040 Ulmerton Rd in Pinellas Park & Largo was recently sold for $4,550,000. The property spans 15,616 square feet, resulting in a price per square foot of $291.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,550,000
- Address: 4045 Park Blvd & 9040 Ulmerton Rd
- Market: Pinellas Park & Largo
- Square Footage: 15,616
- Price per Square Foot: $291
The buyer of the property is Isadore Brown & Gilbert Hayat, while the seller is Carlos A. Yepes.
Players
Pinellas Park 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
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93