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
$2,600,000
$138/SF
Building Size
18,750 SF
Asset Type
Retail
Closing
Mar 8, 2021
About this deal
AI
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.
On the Map
$2,600,000
$138/SF
Retail
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St Pete Beach 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93