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Cushman & Wakefield Facilitates $13.3M Sale Of Retreat At Palm Pointe In North Charleston

Property Image
SOLD
$13,250,000
Richard Gore
John Phoenix
Tyler Fish
+ 1

South Carolina

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MultiFamily
Sold 07/06/2023
the dealplayerscompscontact
Property Image
SOLD

Cushman & Wakefield Facilitates $13.3M Sale Of Retreat At Palm Pointe In North Charleston

2561 Fassitt Road North Charleston, South Carolina 29406, USA

See Similar Deals
MultiFamily
Sold 07/06/2023
Richard Gore
John Phoenix
Tyler Fish
+ 1
the dealplayerscompscontact
Contact now

Summary

SOUTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Sale

The Retreat at Palm Pointe, a 112-unit apartment community located at 2561 Fassitt Road in North Charleston, South Carolina, has been sold for $13,250,000. The property is a multifamily asset with a price per unit (PPU) of $118,304. Cushman & Wakefield and Greystone facilitated the sale and acquisition financing for this transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $13,250,000
  • Units: 112
  • PPU: $118,304
  • Address: 2561 Fassitt Road, North Charleston, SC
  • Market: North Charleston, SC

Prospect Lane acquired the Retreat at Palm Pointe from Cohen Investment Group. The brokers involved in the deal were John Phoenix, Richard Gore, Tyler Fish, and Pat O'Brien from Cushman & Wakefield. Donny Rosenberg from Greystone acted as the mortgage broker. Together, these individuals and companies played a crucial role in facilitating the sale and acquisition financing for this apartment community.

Players

John Phoenix
CBRE
John Phoenix
5 deals$155.2M volume(919) 210-7806
BROKER
Richard Gore
Cushman & Wakefield
Richard Gore
2 deals$49M volume
BROKER
Tyler Fish
Cushman & Wakefield
Tyler Fish
1 deal$13.3M volume(404) 428-4618
BROKER
PO
Cushman & Wakefield
Pat O’Brien
1 deal$13.3M volume
BROKER
CG
Cohen Investment Group
SELLER

Details

SOLD
IMAGE: John Phoenix, Richard Gore, Tyler Fish & Pat O’Brien DATE: 07/06/2023 ADDRESS: 2561 Fassitt Road MARKET: North Charleston, SC ASSET TYPE: Multifamily BUYER: Prospect Lane SELLER: Cohen Investment Group BROKERS: John Phoenix, Richard Gore, Tyler Fish & Pat O’Brien - Cushman & Wakefield MORTGAGE BROKER: Donny Rosenberg - Greystone SALE PRICE: $13,250,000 UNITS: 112 ~ PPU: $118,304 NOTE: Cushman & Wakefield and Greystone have facilitated the sale and acquisition financing for Retreat at Palm Pointe, a 112-unit apartment community in North Charleston, South Carolina.

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