KKK Real Estate Select Trust Inc. Acquires Industrial Property In Summerville, SC For $109M
SOLD
$109,000,000
South Carolina
See Similar DealsIndustrial
Sold 01/13/2022
SOLD
KKK Real Estate Select Trust Inc. Acquires Industrial Property In Summerville, SC For $109M
Red Bay Road, Summerville, South Carolina 29483, United States
See Similar DealsIndustrial
Sold 01/13/2022
Summary
SOUTH CAROLINA
Asset Type:Industrial
Transaction Type:Sale
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
Details
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
Contact
Get in touch with the broker you want
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,813,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$387,253.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$516,715.61
Annual Debt Service$6,200,587.31
Is there something missing? Send suggestions