425 2nd St N
Saint Petersburg, FL 33701

CBRE Multifamily is pleased to present Satoshi Park, a rare opportunity to acquire a stabilized 22-unit property on 0.22 acres, zoned DC-2, in the heart of Downtown St. Petersburg. Satoshi Park's 12-unit sister property, Satoshi Sol, Is also available for acquisition. These Properties may be purchased together as a portfolio or individually. (For More information on Satoshi Sol please click here)

Boasting a highly secure tenant base, only 3 of the 22 leases are set to expire in 2024, while 9 leases are signed through 2026, ensuring minimal resident turnover and providing strong, predictable cash flow. Recently renovated units and attractive income streams, including off-street parking, laundry, storage, utility, and internet reimbursement, minimize capital expenditures and enhance overall returns. The property is positioned within a mile of the $6.5 billion Tropicana Field redevelopment, a transformational project set to generate significant job growth and entertainment options. Satoshi Park offers multiple lifestyle amenities, including a spacious courtyard with garden, grill stations, and electric vehicle charging, plus its proximity to iconic landmarks such as The Pier and St. Pete Beach—voted the #1 beach in the U.S. This is a rare chance to invest in the highest growth submarket in Pinellas County, adjacent to the multimillion-dollar Sundial redevelopment, and a rapidly growing corporate relocation hub with a strong workforce, highlighted by Footlocker’s headquarters relocation. Downtown St. Petersburg‘s 15% job growth over the last five years further solidifies its reputation as a thriving business and leisure destination.