Rich O’Brien Coldwell Banker Commercial Premier Properties Sells Medical Facility In St. Augustine For $6.3M
7601 A1a, St. Augustine, Florida 32080, United States
$6,300,000
Units
13
Asset Type
—
Closing
Jul 28, 2022
About this deal
AI
Located in the market of St. Augustine, a medical facility at 7601 A1A S has recently been sold for a notable price. The transaction was facilitated by Rich O’Brien from Coldwell Banker Commercial Premier Properties.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $6,300,000
- Units: 13
- Price per Unit: $484,615
The medical facility, which consists of 13 units, was sold for a total of $6,300,000. With a price per unit of $484,615, this transaction represents a significant investment in the St. Augustine market. Rich O’Brien from Coldwell Banker Commercial Premier Properties played a crucial role in facilitating the deal, ensuring a successful transaction for all parties involved.
Players
Saint Augustine CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93