SOLDRetail
Granite Capital Acquires Retail Asset In St. Petersburg From Fuqua Development For $7.8M
4501 66th Street North
$7,800,000
$80/SF
Building Size
97,502 SF
Asset Type
Retail
Closing
May 20, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 4501 66th Street North in St. Petersburg. The sale price for the property was $7,800,000, encompassing a total square footage of 97,502, which translates to a price per square foot of $79.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,800,000
- Address: 4501 66th Street North
- Market: St. Petersburg
- Square Footage: 97,502
- Price per Square Foot: $79
- Buyer: Granite Capital
- Seller: Fuqua Development
- Seller's Representative: Daniel Solomon & Jonathan Cashion - Katz & Associates Real Estate Advisors
This transaction involved key individuals including Granite Capital as the buyer and Fuqua Development as the seller. The seller was represented in this deal by Daniel Solomon and Jonathan Cashion from Katz & Associates Real Estate Advisors, contributing to the facilitation of the transaction.
Players
Kenneth City 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
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93