Fabio Faerman, Sebastian Faerman & Pablo Vignolo Sell Retail Property In St. Petersburg For $2.69M
4351 34th Street North
$2,690,000
$37/SF
Building Size
71,447 SF
Asset Type
Retail
Closing
Dec 16, 2022
AI
A retail property located at 4351 34th St N in St. Petersburg has been sold for $2,690,000. The property spans 71,447 square feet and was sold at a price of $38 per square foot.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $2,690,000
- Address: 4351 34th St N, St. Petersburg
- Market: St. Petersburg
- Square Footage: 71,447
Representing the buyer in this transaction are Fabio Faerman and Sebastian Faerman of FA Commercial. They were assisted by their fellow representative, Pablo Vignolo of The Hype Real Estate Group, who represented the seller.
Players
St. 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
5.90%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93