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Third Lake Partners Acquires Hotel In St. Petersburg For $6.35M

711 3rd Avenue South
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This Hotel property located in FL was sold for $6,350,000 10 months ago.

A hotel located at 711 3rd Ave. S in St. Petersburg has been sold for a total of $6,350,000. The property, owned by F212 Holdings LLC, was purchased by Third Lake Partners, represented by Ken Jones.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $6,350,000
  • Address: 711 3rd Ave. S, St. Petersburg
  • Market: St. Petersburg

Ken Jones, acting on behalf of Third Lake Partners, acquired the hotel from F212 Holdings LLC. The transaction included 74 keys, with an average price per key of $85,810. The total square footage of the hotel is 28,548, resulting in a price per square foot of $222.

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  • Location
    711 3rd Avenue South, St. Petersburg, Florida 33701, United States711 3rd Avenue South, St. Petersburg, Florida 33701, United States
  • Sale Price
    $6,350,000$6,350,000
    $226,785 PPSF$226,785 PPSF
  • Area
    28 SF28 SF
  • Asset Type
    HotelHotel

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Deal Summary

SALE IMAGE: Ken Jones DATE: 01/06/2023 ADDRESS: 711 3rd Ave. S MARKET: St. Petersburg ASSET TYPE: Hotel BUYER: Third Lake Partners - Ken Jones SELLER: F212 Holdings LLC SALE PRICE: $6,350,000 KEYS: 74 ~ PPK: $85,810 SF: 28,548 ~ PPSF: $222

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