Grisham Family III Acquires Retail Asset From 222 Satterfield Landing LLC For $3.65M In Nags Head
2210 South Croatan Highway
$3,650,000
$296/SF
Building Size
12,319 SF
Asset Type
Retail
Closing
Sep 24, 2025
AI
The property asset involved in this transaction is a retail space located at 2210 South Croatan Highway, Nags Head, NC. The property, which consists of a total of 12,319 square feet, was sold for a transaction amount of $3,650,000, translating to a price per square foot of $296.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,650,000
- Address: 2210 South Croatan Highway
- Market: Nags Head, NC
- Square Footage: 12,319
- Price per Square Foot: $296
- Buyer: Grisham Family III
- Seller: 222 Satterfield Landing, LLC
- Broker Representatives: Clark Simpson & Erik Conradi - Cushman & Wakefield
Cushman & Wakefield | Thalhimer’s Capital Markets Group facilitated this transaction, representing both the buyer and the seller in the successful sale of the retail asset on September 24, 2025.
Players
Nags Head 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
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93