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
Pinellas Park 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
5.26%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93