facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

7321 Park Street North

William Martoccia Acquires Retail Property In Pinellas Park For $3.01M
SOLDRetail

William Martoccia Acquires Retail Property In Pinellas Park For $3.01M

7321 Park Street North

$3,017,000

$1,022/SF

Building Size

2,950 SF

Asset Type

Retail

Closing

Aug 3, 2022

AI

The retail property located at 7321 N Pk Blvd in Pinellas Park has been sold for a price of $3,017,000. The transaction took place on 08/03/2022. The property spans 2,950 square feet, resulting in a price per square foot of $1,023. The buyer of the property was William Martoccia, while the seller was Evan Mouhalis. The deal was facilitated by brokers Will Wamble and Patrick Nutt from SRS Real Estate Partners.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,017,000
  • Date: 08/03/2022
  • Address: 7321 N Pk Blvd
  • Market: Pinellas Park
  • Square Footage: 2,950
  • Price per Square Foot: $1,023
  • Buyer: William Martoccia
  • Seller: Evan Mouhalis
  • Brokers: Will Wamble & Patrick Nutt - SRS Real Estate Partners

In this transaction, William Martoccia acquired the retail property located at 7321 N Pk Blvd from Evan Mouhalis. Will Wamble and Patrick Nutt from SRS Real Estate Partners represented the buyer and seller, respectively.

Players

Patrick Nutt

SRS Real Estate Partners

Broker

$578.2M

vol

76 deals

Broker

William Martoccia

Buyer

$3M

vol

2 deals

Buyer

Evan Mouhalis

Seller

$26.7M

vol

6 deals

Seller

Pinellas Park 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

5.26%

Cash-on-Cash

-1.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93