Coastal Equities Acquires Uptown McComb Shopping Center From RockStep Capital For $14.8M

The transaction involved the sale of a retail property located at 1722 Veterans Blvd, McComb, MS. The asset is known as the Uptown McComb Shopping Center and encompasses 342,000 square feet. The sale concluded at a price of $14,800,000, resulting in a price per square foot of $43. At the time of closing, the property was reported to be 96% leased.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $14,800,000
• Address: 1722 Veterans Blvd
• Market: McComb, MS
• Square Footage: 342,000
• Price per Square Foot: $43
• Buyer: Coastal Equities
• Seller: RockStep Capital
• Brokers: Bryan Belk & John Tennant - Franklin Street

The deal was facilitated by brokers Bryan Belk and John Tennant from Franklin Street, showcasing their expertise in brokering significant real estate transactions. Their involvement contributed to the successful closure of the property deal between Coastal Equities and RockStep Capital.