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Thomas Gaffney Purchases Retail Property From Ashley Rose In St. Petersburg For $2.7M

Property Image
SOLD
$2,697,500
James Defusto
Ashley Rose
+ 4

Florida

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Retail14,208 SF
Sold 10/01/2025
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Property Image
SOLD

Thomas Gaffney Purchases Retail Property From Ashley Rose In St. Petersburg For $2.7M

875 9th Avenue North

See Similar Deals
Retail14,208 SF
Sold 10/01/2025
James Defusto
Ashley Rose
+ 4
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$189
Total Square Footage:14,208 SF
Transaction Type:Sale

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:

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.

Players

Gabriel Britti
70 deals$502.2M volume(786) 522-7017
BROKER

Ricardo Esteves
Marcus & Millichap
60 deals$419.6M volume(786) 522-7054
BROKER

Ronnie Issenberg
Marcus & Millichap
71 deals$509.2M volume(786) 522-7013
BROKER

Darpan Patel
Marcus & Millichap
18 deals$57M volume(813) 387-4812
BROKER

James Defusto
Marcus & Millichap
3 deals$25.7M volume(813) 387-4784
BROKER

Dan Yozwiak
Marcus & Millichap
16 deals$53.7M volume(614) 360-9036
BROKER

Marcus & Millichap
BROKERAGE

Ashley Rose
4 deals$10.8M volume
SELLER

Details

SOLD
IMAGE: Ricardo Esteves, Darpan Patel, Gabriel Britti, Dan Yozwiak, Ronnie Issenberg & James Defusto DATE: 10/01/2025 ADDRESS: 875 9th Avenue North MARKET: St. Petersburg ASSET TYPE: Retail BUYER: Thomas Gaffney SELLER: Ashley Rose BUYER'S REP: Darpan Patel (@Dp_CRE_NNN), James Defusto & Dan Yozwiak - Marcus & Millichap SELLER'S REP: Ronnie Issenberg (@RonIssenberg), Gabriel Britti (@Gabriel.Britti) & Ricardo Esteves (@Ricardo_Esteves) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $2,697,500 SF: 14,208 ~ PPSF: $189

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

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Cash Flow (Annual)-$9,583.64
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