Collett Capital Acquires Commercial Property In Mount Pleasant, SC For $14.3M
963 Houston Northcutt Boulevard, Mount Pleasant, South Carolina 29464, United States
$14,300,000
Building Size
—
Asset Type
Commercial
Closing
Dec 1, 2021
AI
The commercial property located at 963 Houston Northcutt Blvd in Mount Pleasant, SC has been sold for a total price of $14,300,000. The property spans across 7 acres and was purchased by Collett Capital from the seller, Regal Cinemas. The sale was facilitated by Nick Tanana and Brady Dashiell from Cushman & Wakefield.
Summary of transation details
- Property Type: Commercial
- Transaction Amount: $14,300,000
- Market: Mount Pleasant, SC
- Address: 963 Houston Northcutt Blvd
- Buyer: Collett Capital
- Seller: Regal Cinemas
- Brokers: Nick Tanana & Brady Dashiell - Cushman & Wakefield
Nick Tanana and Brady Dashiell from Cushman & Wakefield played a crucial role as brokers in the transaction, representing the buyer and seller respectively. Their expertise in the commercial real estate market in Mount Pleasant, SC contributed to the successful completion of the deal.
Players
Mount Pleasant Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93