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1043 Global Avenue, Granite...

LM Real Estate Partners Acquires Industrial Property In Graniteville, SC For $30.2M
SOLDIndustrial

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

Pete Pittroff

JLL

Broker

$450.9M

vol

9 deals

Broker
LP
LM Real Estate PartnersBuyer
SE
Singerman Real EstateSeller

Graniteville Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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