Mulligans Plaza LLC Sells Retail Property On Blind Pass Road In St. Pete Beach For $2.6M
SOLD
$2,600,000
Florida
See Similar DealsRetail18,750 SF
Sold 03/09/2021
SOLD
Mulligans Plaza LLC Sells Retail Property On Blind Pass Road In St. Pete Beach For $2.6M
9524 Blind Pass Road, St. Pete Beach, FL, USA
See Similar DealsRetail18,750 SF
Sold 03/09/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$138
Total Square Footage:18,750 SF
Transaction Type:Sale
The retail property located at 9524 Blind Pass Road in St. Pete Beach has been sold in a recent transaction. The property, owned by Mulligans Plaza LLC, was listed for $2,600,000. With a total square footage of 18,750, the price per square foot amounts to $139.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,600,000
- Address: 9524 Blind Pass Road
- Market: St. Pete Beach
- Square Footage: 18,750
The sale of this retail property was facilitated by Evan Cannan and James Medefind of Marcus & Millichap. They represented the seller, Mulligans Plaza LLC, in this transaction.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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