Fabio Faerman & Pablo Vignolo Complete $2.69M Sale Of Retail Property In St. Petersburg
4351 34th St N, St Petersburg, Fl 33714
$2,800,000
$39/SF
Building Size
71,447 SF
Asset Type
Retail
Closing
Dec 9, 2022
About this deal
AI
Fabio Faerman, Sebastian Faerman, and Pablo Vignolo recently closed a retail property transaction in St Petersburg. The property, located at 4351 34th St N, was sold for a total of $2,690,000. The sale included a total square footage of 71,447, resulting in a price per square foot of $38.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,690,000
- Address: 4351 34th St N, St Petersburg
- Market: St Petersburg
- Buyer's Rep: Fabio Faerman, Sebastian Faerman - FA Commercial
- Seller's Rep: Pablo Vignolo - Hype Group
- Square Footage: 71,447
- Price per Square Foot: $38
The deal was facilitated by Fabio Faerman and Sebastian Faerman from FA Commercial, representing the buyer, and Pablo Vignolo from Hype Group, representing the seller. This successful transaction highlights the expertise and professionalism of all parties involved.
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93