SOLD
William Martoccia Acquires Retail Property In Pinellas Park For $3.02M
7321 N Park Blvd
Building Size
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Asset Type
—
Closing
Aug 3, 2022
AI
A retail property located at 7321 N Pk Blvd in Pinellas Park has been sold for a total price of $3,017,000. The property spans 2,950 square feet and was sold at a price per square foot of $1,023.
Summary of transaction details
- Property Type: Retail
- Sale Price: $3,017,000
- Square Footage: 2,950
- Price per Square Foot: $1,023
- Address: 7321 N Pk Blvd, Pinellas Park
The buyer in this transaction 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.
Lincoln CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93