Updated Jul 27, 2026
Wayland Myers Purchases Commercial Property From Oak Cap Ventures For $2,613,586 In Charleston
107 West Lincoln Avenue
$2,613,586
$1,574/SF
Building Size
1,660 SF
Asset Type
Commercial
Closing
Jul 17, 2026
About this deal
AI
The property asset involved in this transaction is a commercial property located at 107 West Lincoln Avenue in Charleston. The sale price for this asset was $2,613,586, and it encompasses a total square footage of 1,660, which equates to a price per square foot of $1,574.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $2,613,586
- Address: 107 West Lincoln Avenue
- Market: Charleston
- Square Footage: 1,660
- Price per Square Foot: $1,574
- Buyer: Wayland Myers
- Seller: Oak Cap Ventures
- Broker: Ricardo Esteves - Marcus & Millichap
The key individuals involved in this transaction include Wayland Myers, who acted as the buyer, and Oak Cap Ventures, the seller of the property. The brokerage representing the transaction was led by Ricardo Esteves from Marcus & Millichap, ensuring the deal was facilitated smoothly.
On the Map
$2,613,586
$1,574/SF
Commercial
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Players
Charleston Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.07%
Cash-on-Cash
-1.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93