Marcus & Millichap Arranges $3.65M Loan For Acquisition Of Retail Center In Saint Johns
145 Beachwalk Shore Drive
$3,654,637
$445/SF
Building Size
8,200 SF
Asset Type
Retail
Closing
Aug 6, 2025
About this deal
AI
145 Beachwalk Shore Drive is an 8,200 square foot retail asset located in the Saint Johns market. The property was fully leased at the time of the transaction, enhancing its investment appeal.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,654,637
- Loan Terms: 10-year, 30-year amortization
- Loan Interest Rate: 6.25%
- Broker: David Johnson - Marcus & Millichap
- Market: Saint Johns
Marcus & Millichap Capital Corporation facilitated the loan for the acquisition, securing financing from a regional credit union for the Beachwalk Shoppes retail center.
On the Map
$3,654,637
$445/SF
Retail
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Players
Saint Johns Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.34%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93