NAI Legacy Sells Retail Property In St. Augustine For $8.8M
116 Blackford Way, St. Augustine, FL, USA
$8,800,000
$593/SF
Building Size
14,820 SF
Asset Type
Retail
Closing
Oct 27, 2021
About this deal
AI
Located at 116 Blackford Way in St. Augustine, this retail property was recently sold for $8,800,000. The transaction took place on October 27, 2021, and was facilitated by NAI Legacy, with Michael Houge representing the seller.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $8,800,000
- Seller: NAI Legacy - Michael Houge
Horvath & Trembly served as the broker for this sale, ensuring a smooth transaction process. Dennis L. Monroe provided legal advice during the deal.
The retail sale at 116 Blackford Way, St. Augustine, FL, USA in Saint Augustine, Florida sold for $8.8M in 2021. The building is 14,820 square feet, implying about 593 per square foot on the published price. This page is the Saint Augustine, Florida file for the 116 Blackford Way, St. Augustine, FL, USA retail sold: pricing, party profiles, and other closed retail comps from the same Saint Augustine sit in the Market section below. Filter that Saint Augustine retail set by closing date to see what else sold near 116 Blackford Way, St. Augustine, FL, USA around 2021. Published consideration for 116 Blackford Way, St. Augustine, FL, USA is $8.8M, dated 2021. Cite this NAI Legacy Sells Retail Property In St. Augustine For $8.8M sale when underwriting similar retail product around Saint Augustine, Florida.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93