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
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.
Players
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