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Ellie Holdings LLC Acquires Office Space In Summerville, SC For $1.5M
SOLD
$1,500,000
South Carolina
See Similar DealsOffice7,022 SF
Sold 08/28/2023
SOLD
Ellie Holdings LLC Acquires Office Space In Summerville, SC For $1.5M
Office7,022 SF
Sold 08/28/2023
Summary
Asset Type:Office
Price Per Square Foot:$213
Total Square Footage:7,022 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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