Thomas Gaffney Purchases Retail Property From Ashley Rose In St. Petersburg For $2.7M
875 9th Avenue North
$2,697,500
$189/SF
Building Size
14,208 SF
Asset Type
Retail
Closing
Sep 30, 2025
About this deal
AI
The retail asset located at 875 9th Avenue North in the St. Petersburg market has been sold for a total transaction amount of $2,697,500. The property encompasses a total area of 14,208 square feet, translating to a price per square foot of $189.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,697,500
- Sale Date: 10/01/2025
- Buyer's Name: Thomas Gaffney
- Seller's Name: Ashley Rose
- Buyer's Representative: Darpan Patel, James Defusto & Dan Yozwiak - Marcus & Millichap
- Seller's Representative: Ronnie Issenberg, Gabriel Britti & Ricardo Esteves - Marcus & Millichap
This transaction involved key representatives from Marcus & Millichap, highlighting a collaborative effort in both buyer and seller representation. The involvement of multiple agents suggests a well-coordinated negotiation process, ensuring all parties achieved their respective objectives in the sale.
On the Map
$2,697,500
$189/SF
Retail
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Players
Saint 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93