First National Bank Provides $2.26M Loan For Retail Property In Pageland, SC - Brian Anderson & Eddie Miro Of Progress Capital Represent Buyer And Landlord Anupam Gupta
501 Pearl Street, Pageland, South Carolina 29728, United States
$2,260,000
$62/SF
Building Size
35,914 SF
Asset Type
Retail
Closing
Mar 20, 2022
AI
Located at 501 South Pearl Street in Pageland, SC, this retail property spans a total of 35,914 square feet. The transaction took place on March 21, 2022, with Brian Anderson and Eddie Miro representing the buyer and seller respectively. The property was acquired by Anupam Gupta, who secured a loan from First National Bank in the amount of $2,260,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,260,000
- Lender: First National Bank
- Landlord: Anupam Gupta
- Brokers: Brian Anderson & Eddie Miro - Progress Capital
The acquisition loan provided by First National Bank facilitated the purchase of this retail property by Anupam Gupta. Brian Anderson and Eddie Miro of Progress Capital played crucial roles as brokers in the deal, representing the buyer and seller respectively.
Players
Pageland Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.02%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93