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

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.