Raem Capital Advisors Acquires Retail Property In Saint Johns For $5.9M
SOLD
$5,900,000
Florida
See Similar DealsRetail10,935 SF
Sold 03/13/2023
SOLD
Raem Capital Advisors Acquires Retail Property In Saint Johns For $5.9M
165 Veterans Parkway
See Similar DealsRetail10,935 SF
Sold 03/13/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$539
Total Square Footage:10,935 SF
Transaction Type:Sale
A retail property located at 165 Veterans Parkway in the Saint Johns market has recently been sold for a price of $5,900,000. The property spans across 10,935 square feet and was sold at a rate of $540 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,900,000
- Date: 03/13/2023
- Address: 165 Veterans Parkway
- Market: Saint Johns
- Buyer's Representative: Raem Capital Advisors, LLC
- Seller's Representatives: Jeff Lefko, Bill Asher & Dylan Mallory - Hanley Investment Group Real Estate Advisors; ParaSell, Inc.
Jeff Lefko, Bill Asher, and Dylan Mallory from the Hanley Investment Group Real Estate Advisors, along with ParaSell, Inc., represented the sellers in this transaction. Their expertise played a significant role in facilitating the sale of the property to Raem Capital Advisors, LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$314,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12
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