TRANSACTION HIGHLIGHTS
Address: 4351 34th St N, St Petersburg, FL 33714
Tenants: Advance Auto Parts and Déjà vu Furniture
Lot Area: 71,447 SF
Building Size: 35,554 SF
Sale Price: $2,690,000
CAP Rate: 5.57%
NOI: $150,000
Price/SF: $75/SF
FA Commercial is pleased to announce the sale of this 71,447 SF property that have 3 industrial spaces, located in St Petersburg with great location for a highly qualified tenant. The space is lease to Advance Auto Parts, an automotive aftermarket parts provider, which lease expires in 2024 with 2×5 year options left, and a 5% increase each and to Déjà vu Furniture. This property also holds a Billboard that expires in 2027, and has been there for about 50 years now.
About FA Commercial
FA Commercial is a specialized team led by Fabio Faerman. The team focuses on investment sales, landlord representation, and tenant representation. We capitalize on opportunities and provide clients with strategies for their real estate properties with a distinctive approach. Fabio Faerman is the director of the commercial division at Fortune International Realty. He has been the top producer for Fortune 9 years in a row. Since 2002, FA Commercial has sold and leased over $1 billion in assets across South Florida.