West Shore LLC Acquires Multifamily In St. Augustine For $52.6M

A multifamily property located at 655 W. Marina Cove Dr in St. Augustine has been sold for a price of $52,620,000. The property consists of 249 units, with a price per unit of $211,325. The buyers of the property are West Shore LLC, while the sellers are Catalyst Development Partners and The Carlyle Group represented by Kewsong Lee and Glenn A. Youngkin. The transaction was facilitated by Colliers International.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $52,620,000
• Units: 249
• Price per Unit: $211,325
• Buyer: West Shore LLC
• Seller: Catalyst Development Partners & The Carlyle Group – Kewsong Lee, Glenn A. Youngkin
• Brokers: Colliers International

The sale of this multifamily property at 655 W. Marina Cove Dr was successfully completed with the involvement of key individuals and companies. It was facilitated by the brokers from Colliers International, representing the sellers, Catalyst Development Partners and The Carlyle Group, who were represented by Kewsong Lee and Glenn A. Youngkin. The buyers, West Shore LLC, made this transaction possible, acquiring a property that consists of 249 units.