facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

4351 34th Street North

Fabio Faerman, Sebastian Faerman & Pablo Vignolo Sell Retail Property In St. Petersburg For $2.69M
SOLDRetail

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

Fabio Faerman

FA Commercial

Broker

$271.8M

vol

63 deals

Broker

St. Petersburg Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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