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190 & 200 Southpark Blvd

Vanbarton Group & Tramview Capital Acquire Medical Office In St. Augustine For $10.3M
SOLDMedical Office

Vanbarton Group & Tramview Capital Acquire Medical Office In St. Augustine For $10.3M

190 & 200 Southpark Blvd

$10,300,000

$307/SF

Building Size

33,500 SF

Asset Type

Medical Office

Closing

Apr 10, 2023

AI

A medical office located at 190 & 200 Southpark Blvd in St. Augustine has been sold for a total price of $10,300,000. The property spans across 33,500 square feet and has been acquired by the Vanbarton Group and Tramview Capital from the seller, Brook Rehabilitation. This medical office is situated in the St. Augustine market and is categorized as a medical office asset type.

Summary of transation details

  • Property Type: Medical Office
  • Transaction Amount: $10,300,000
  • Square Feet: 33,500
  • Address: 190 & 200 Southpark Blvd, St. Augustine

The buyer's representation in this deal was provided by Keith Goldfaden and Christian Harden from NAI Hallmark. They facilitated the transaction between the Vanbarton Group and Tramview Capital, who acted as the buyers, and Brook Rehabilitation, the seller. The sale price per square foot was approximately $307.

Players

Keith Goldfaden

NAI Global

Broker

$34.2M

vol

5 deals

Broker
Vanbarton Group
Vanbarton GroupBrokerage
Vanbarton Group
Vanbarton GroupBuyer

Tapiramutá Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.54%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93