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1011 Society Lane

Marcus & Millichap Arranges $6.5M Refinance Loan For Society Lane Industrial Park In Fort Mill SC
FINANCEDIndustrial

Marcus & Millichap Arranges $6.5M Refinance Loan For Society Lane Industrial Park In Fort Mill SC

1011 Society Lane & 1039 Society Lane

$6,500,000

Building Size

Asset Type

Industrial

Closing

May 14, 2025

AI

The asset involved in this transaction is Society Lane Industrial Park, an industrial property comprising 11 buildings that are fully leased. The property is located at 1011–1039 Society Lane in Fort Mill, SC, with a loan amount secured for refinancing purposes set at $6,500,000.

Summary of transaction details:

Marcus & Millichap Capital Corp. facilitated the refinance loan for Society Lane Industrial Park, indicating their role in coordinating the financial aspects of the transaction.

Players

Duke Dennis

Marcus & Millichap

Broker

$67.8M

vol

8 deals

Broker

Fort Mill Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93