Pink Moon Properties Acquires Mixed-Use Property In St. Augustine For $2.4M
2000 Ponce De Leon Boulevard
$2,400,000
$160/SF
Building Size
14,996 SF
Asset Type
Mixed-use
Closing
Jan 3, 2024
AI
A mixed-use property located at 2000 North Ponce De Leon Boulevard in St. Augustine has been sold for a price of $2,400,000. The property spans 14,996 square feet and was sold at a per square foot price of $160.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,400,000
- Address: 2000 North Ponce De Leon Boulevard, St. Augustine
- Market: St. Augustine
Pink Moon Properties, represented by Panton Pou, purchased the property from Whitloy Holdings, represented by Todd Whitten. The transaction was facilitated by brokers Alan Kaye and John Geiwitz of Transworld Business Brokers.
Players
Saint Augustine Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93