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
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