Kawa Capital Management Acquires University Of St. Augustine Campus In St. Augustine For $71.53M

The property asset involved in the transaction is a school located at 1 News Place in St. Augustine. The sale price for the asset was $71,530,000. The school spans an area of 14.52 acres and consists of two buildings totaling 117,686 square feet.

Summary of transaction details:

• Property Type: School
• Transaction Amount: $71,530,000
• Buyer: Kawa Capital Management
• Seller: ESJ Capital Partners
• Lender: UMB Bank
• Mortgage Amount: $73,150,000
• Market: St. Augustine
• Square Footage: 117,686
• Price Per Square Foot: $608
• Acres: 14.52

The buyer, Kawa Capital Management, managed the sale-leaseback transaction, acquiring the property for KPI St. Augustine LLC. The university plans to develop a new campus on the acquired site, which involves an investment of $74 million.