Updated Oct 29, 2024
Ellie Holdings LLC Acquires Office Space In Summerville, SC For $1.5M
$1,500,000
$213/SF
Building Size
7,022 SF
Asset Type
Office
Closing
Aug 28, 2023
About this deal
AI
Jurisprudence LLC has sold a 7,022 square feet office space located at 112 West 4th North St in Summerville, SC. The property was purchased by Ellie Holdings LLC for $1.5 million, resulting in a price per square foot of $214.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,500,000
- Square Footage: 7,022
- Address: 112 West 4th North St, Summerville, SC
- Market: Summerville, SC
The seller, Jurisprudence LLC, was represented by Robert Pratt of Remax, while Zach Hines of Spencer Hines Properties acted as the buyer's representative for Ellie Holdings LLC.
Players
Market Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93