Updated Dec 4, 2024
Foundry Commercial Acquires Office Campus In Fort Mill For $15.8 Million With CBRE Brokers
3476 Stateview Boulevard & 3480 Stateview Boulevard
$15,800,000
$23/SF
Building Size
338,301 SF
Asset Type
Office
Closing
Jul 8, 2024
About this deal
AI
An office campus located at 3476-3480 Stateview Boulevard in Fort Mill, SC, has been sold for $15.8 million. The property encompasses 338,301 square feet, translating to a price per square foot of approximately $47. The buyer intends to redevelop the asset into a 465,000-square-foot industrial park.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $15,800,000
- Square Footage: 338,301
- Address: 3476-3480 Stateview Boulevard
- Market: Fort Mill, SC
- Price Per Square Foot: $47
- Buyer: Foundry Commercial
- Broker Representatives: Matt Smith, Patrick Gildea & Robert Hardaway - CBRE
This transaction was facilitated by the brokerage team at CBRE, which includes Matt Smith, Patrick Gildea, and Robert Hardaway. They represented the buyer, Foundry Commercial, in this significant acquisition aimed at future redevelopment in the region.
On the Map
$15,800,000
$23/SF
Office
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Fort Mill 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
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93