Abacus Capital Acquires Development Site In Greenville SC From Urban Realty Partners For $11.05M
1320 Hampton Ave
$11,050,000
$136/SF
Building Size
80,985 SF
Asset Type
Development Site
Closing
Dec 11, 2024
AI
The property involved in this transaction is a development site located at 1320 Hampton Ave, Greenville, SC. It encompasses a total square footage of approximately 80,985 and was sold for a price of $11,050,000, translating to a price per square foot of $136.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $11,050,000
- Square Footage: 80,985
- Address: 1320 Hampton Ave
- Market: Greenville, SC
- Buyer: Abacus Capital
- Seller: Urban Realty Partners
- Brokerage: Avison Young
- Brokers Involved: Connor Burke, Gary Lyons, Rob Howell & Wes Boatwright
The transaction marks the entry of Abacus Capital into the Upstate South Carolina market. The sale of Hampton Station was facilitated by Avison Young, reflecting a strategic move within the real estate sector of the region.
Players
Greenville Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93