Updated Oct 29, 2024
@Hildreth.Advisors Acquires Mixed-use Property In Southampton For $1.3M
59 Maple St, Charleston, SC 29403, USA
$1,325,000
$72/SF
Building Size
18,280 SF
Asset Type
Mixed-use
Closing
Jun 7, 2020
About this deal
AI
Located at 59 Maple Street in Southampton, this mixed-use property was recently sold for a price of $1,325,000. Spanning across 1,828 square feet, the property consists of 4 units, including 2 office spaces, 1 retail space, and 1 residential unit. The price per square foot for this transaction was $724.84.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,325,000
- Square Footage: 1,828
- Units: 4 – 2 Office, 1 Retail, 1 Residential
The seller of the property was Michael Cappelluzzo. On the other side of the deal, the buyer was @Hildreth.Advisors, represented by David Shorenstein and Jason Breitstone.
It is worth noting that the seller provided financing for this transaction at a rate of 4%.
Players
Charleston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit David Shorenstein to view all their deals.
Browse South Carolina mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93