Phoenix Investments LLC Purchases 9 Acres At 4560 Race Track Road For $2.225M From Sandy Aron
4560 Race Track Road
$2,225,000
Building Size
—
Asset Type
Retail
Closing
Apr 16, 2026
About this deal
AI
The asset involved in this transaction is a retail property located at 4560 Race Track Road, situated on approximately nine acres in the Saint Johns market. The property was sold for a total transaction amount of $2,225,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,225,000
- Buyer: Phoenix Investments LLC
- Seller: Sandy Aron - Hunington Properties
- Market: Saint Johns
- Acres: 9
Sandy Aron represented Hunington Properties in this deal. The sale excludes the core retail portion of the Shops at Race Track Road, where Hunington originally invested $8.5 million and is actively developing leased retail space anchored by tenants including Heartland Dental and Dutch Bros Coffee.
Saint Johns Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.13%
Cash-on-Cash
-2.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93