LM Real Estate Partners Acquires Industrial Property In Graniteville, SC For $30.2M
1043 Global Avenue, Graniteville, South Carolina 29829, United States
$30,200,000
$67,111/SF
Building Size
450 SF
Asset Type
Industrial
Closing
Nov 11, 2022
AI
The industrial property located at 1043 Global Avenue in Graniteville, SC has been sold in a transaction. The property spans over 450,033 square feet and was sold for a total of $30,200,000, resulting in a price per square foot of $67. The sale took place on November 11, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $30,200,000
- Square Footage: 450,033
- Address: 1043 Global Avenue
- Market: Graniteville, SC
The buyer of the property is LM Real Estate Partners, while Edgewater Ventures and Singerman Real Estate acted as the sellers. The sale was facilitated by Pete Pittroff, Britton Burdette, Patrick Nally, Dave Andrews, and Zach Lloyd from JLL.
Players
Graniteville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93