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1000 Plantation Island Driv...

Laila Witwicky Of Daniel Corporation Acquires Office In St. Augustine For $4.73M
SOLDOffice

Laila Witwicky Of Daniel Corporation Acquires Office In St. Augustine For $4.73M

1000 Plantation Island Drive South

$4,730,000

$305/SF

Building Size

15,500 SF

Asset Type

Office

Closing

Jun 16, 2025

AI

The property asset involved in this transaction is located at 1000 Plantation Island Drive South in the St. Augustine market. This office asset was sold for a transaction amount of $4,730,000, covering a total square footage of 15,500, which equates to a price per square foot of $305.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $4,730,000
  • Address: 1000 Plantation Island Drive South
  • Market: St. Augustine
  • Square Footage: 15,500
  • Price Per Square Foot: $305
  • Buyer: Laila Witwicky - Daniel Corporation
  • Seller: Paul Mayberry - Opus South
  • Buyer's Representative: Justin Walker - Franklin Street

In this transaction, Laila Witwicky represented Daniel Corporation as the buyer while Paul Mayberry represented Opus South as the seller. Justin Walker from Franklin Street acted as the buyer's representative, assisting their client in this acquisition.

Players

Justin Walker

Franklin Street

Broker

$72.8M

vol

12 deals

Broker
Franklin Street
Franklin StreetBrokerage

Saint Augustine Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.35%

Cash-on-Cash

-0.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93