Shores Plaza -...
9
Shores Plaza 918-938 Santa Maria Blvd, Saint Augustine, FL 32086 Thomas Hammond Watson Realty Corp-Commercial 615 Hwy A1A S,Ponte Vedra Beach, FL 32082 [email protected] (904) 806-1218 License: 3336763
Transcript of Shores Plaza -...
Shores Plaza918-938 Santa Maria Blvd, Saint Augustine, FL 32086
Thomas HammondWatson Realty Corp-Commercial615 Hwy A1A S,Ponte Vedra Beach, FL [email protected](904) 806-1218License: 3336763
Price: $1,749,000
Gross Leasable Area: 5,648 SF
Building Size: 5,648 SF
Price/SF: $309.67
Property Type: Retail
Property Sub-type: Strip Center
Property Use Type: Investment
Commission Split: 3%
Cap Rate: 7%
Occupancy: 100%
Front View to Southeast
Shores Plaza$1,749,000
GREAT INVESTMENT & INCOME PRODUCINGPROPERTY. 100% LEASED!! MOTIVATED SELLER!Nice Cap rate. Solid rental incomes from lessee'sincluding all but one that have been here several years.Leases with annual increases built in. Property is wellmaintained & sits in a nicely canopied location right offUS 1 that has high visibility & high traffic counts.Directly across street from PUBLIX anchored shoppingcenter. Great parking, great access. Minutes from OldSt Augustine, St. Augustine Beach, and CrescentBeach.
Financial Summary
AnalysisType Actual
Year 2016
Scheduled Gross Income $131,016
Operating Expenses $10,196
Net Operating Income $120,820
Pre-Tax Cash Flow $125,220
Major Tenant Information
Tenant SF Occupied Lease Expired
Cold Cow Ice Cream
Angel Touch Nails & Euro Image
Cheezees Grille
Antonio's Pizza
Currie's Market
918-938 Santa Maria Blvd, Saint Augustine, FL 32086
From St Augustine take US 1 South to Santa Maria Blvd. Turn Left. From I-95 take Exit 311(SR 207)- go east. Turn right on Wildwood. Stay on Wildwood to US 1. Crossover US 1 toShores Plaza.
Property Photos
Breezeway 2
Courtyard Dining
Property Photos
Front with Parking
Main Intersection with Traffic Light
Property Photos
US 1 Lookinng South
US 1 Traffic in Front of Shores Plaza
Property Photos
Publix Shopping Ctr Across St
Jun 16 vs. 3 mo. prior Y-O-Y
— State $163 +0.5% +5.5%
— Metro $143 +2.2% +2.5%
— County $218 +1.5% +1.3%
Jun 16 vs. 3 mo. prior Y-O-Y
— State $15.89 +0.2% +2.0%
— Metro $13.46 -0.2% -1.1%
— City $17.30 -6.3% +6.3%
Market Trends
