facebook
Traded Co logo
Submit
Daily limit: 0/10

Penzance Acquires Industrial Property At 1203 Galleria Boulevard From Crescent Communities For $32.2M

Property Image
SOLD
$32,200,000

South Carolina

See Similar Deals
Industrial220,281 SF
Sold 10/17/2025
the dealdetailscomps
Property Image
SOLD

Penzance Acquires Industrial Property At 1203 Galleria Boulevard From Crescent Communities For $32.2M

1203 Galleria Boulevard

See Similar Deals
Industrial220,281 SF
Sold 10/17/2025
the dealdetailscomps

Summary

SOUTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$146
Total Square Footage:220,281 SF
Transaction Type:Sale

Penzance acquired a 220,281 square foot industrial property located at 1203 Galleria Boulevard, Rock Hill, NC, for $32,200,000. The asset is fully leased to three tenants and is situated on a 30-acre parcel within Antrim Business Park.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $32,200,000
  • Sale Date: 10/17/2025
  • Market: Rock Hill, NC
  • Price per Square Foot: $146
  • Buyer: Penzance
  • Seller: Crescent Communities
  • Broker: Colliers

Crescent Communities was the seller in this transaction, with Penzance acting as the buyer. The property, sold in a deal brokered by Colliers, involves Building 200 at Axial Southgate 77, enhancing Penzance's footprint in the industrial sector of Rock Hill, SC.

Players

P
Penzance
BUYER
CC
Crescent Communities
SELLER

Details

SOLD
IMAGE: 10/17/2025 ADDRESS: 1203 Galleria Boulevard MARKET: Rock Hill, NC ASSET TYPE: Industrial BUYER: Penzance SELLER: Crescent Communities SALE PRICE: $32,200,000 SF: 220,281 ~ PPSF: $146 NOTE: Penzance acquired Building 200 at Axial Southgate 77 in Rock Hill, S.C., for $32.3 million ($146.63/sf) from Crescent Communities in a Colliers-brokered deal. The 220,281-sf industrial property, fully leased to three tenants, sits on 30 acres within Antrim Business Park.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,717,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$114,399.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$152,644.43
Annual Debt Service$1,831,733.13