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Sale · Office

Updated Oct 29, 2024

Ellie Holdings LLC Acquires Office Space In Summerville, SC For $1.5M
SOLDOffice

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

Robert Pratt

Re/Max

Broker

$1.5M

vol

1 deal

Broker

Market Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $213 per square foot on a published $1.5M for 7,022 square feet (2023).

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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

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