KKK Real Estate Select Trust Inc. Acquires Industrial Property In Summerville, SC For $109M
Red Bay Road, Summerville, South Carolina 29483, United States
$109,000,000
Building Size
—
Asset Type
Industrial
Closing
Jan 12, 2022
AI
The industrial property located at Red Bay Rd in Summerville, SC has been sold in a closed transaction. The sale price for this property was $109,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $109,000,000
- Buyer: KKK Real Estate Select Trust Inc. - Ben Brudney & Roger Morales
- Seller: The Keith Corp. & Singerman Real Estate
- Broker: JLL
- Market: Summerville, SC
The buyer of the property was KKK Real Estate Select Trust Inc., represented by Ben Brudney & Roger Morales. The seller was The Keith Corp. & Singerman Real Estate. The deal was facilitated by the broker JLL.
Players
Summerville 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93