Urban Style Flats – Closed on December 20, 2017

Urban Style Flats – Closed on December 20, 2017

Price: $ Market Bid

Total Number of Units: 481

Address: 300 10th St S, St. Petersburg, FL 33

  • Capitalize on Well-Below Market Rents
    • Strategic interior and amenity upgrades
    • Decrease the $447 gap between current rents an
      that of surrounding A-Product
    • Further outperform shadow-market and surrounding
      smaller competing assets
  • Profit on Un-Utilized Commercial Retail/Office Space
    •  10,000 total square feet of commercial retail/office space
      of which only 4,000 square feet is currently occupied
    •  Opportunity to add an additional $64,800 in annual gross
      potential revenue
    • Expand upon the existing live, work, play culture

Lead Agent(s):

View Documents

Location Highlights

  • Phenomenal Entry Position in Growth Market
    • Bordering St. Petersburg’s EDGE District, a 43-acre area currently amidst economic revitalization
    • Construction on $66 million waterfront pier development set to begin in June 2017
    •  Voters approved $80 million Al Lang Stadium expansion in efforts to receive MLS franchise
    •  Various In-Progress Developments
      – ONE St. Petersburg (41-Story Mixed-Use Development)
      – Johns Hopkins Research Center
      – The James Museum
      – Hyatt Place at ONE
      – Orange Theory and 1st Avenue Retail Center

 

 

 

 


Additional Photos