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

Property Image
SOLD
$3,017,000
Patrick Nutt
+ 1

Florida

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Retail2,950 SF
Sold 08/03/2022
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Property Image
SOLD

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

7321 Park Street North

See Similar Deals
Retail2,950 SF
Sold 08/03/2022
Patrick Nutt
+ 1
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,022
Total Square Footage:2,950 SF
Transaction Type:Sale

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
74 deals$552.4M volume
BROKER

William Wamble
SRS Real Estate Partners
53 deals$355.7M volume
BROKER


6 deals$26.7M volume
SELLER

Details

SOLD
IMAGE: Patrick Nutt, Evan Mouhalis & Will Wamble DATE: 08/03/2022 ADDRESS: 7321 N Pk Blvd MARKET: Pinellas Park ASSET TYPE: Retail BUYER: William Martoccia SELLER: Evan Mouhalis (@EvanMouhalis) BROKERS: Will Wamble (@Wamblew) & Patrick Nutt (@PatrickNutt) - SRS Real Estate Partners (@SRSRealEstatePartners) SALE PRICE: $3,017,000 SF: 2,950 ~ PPSF: $1,023

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,906.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,718.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,302.12
Annual Debt Service$171,625.43