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Kempner Properties, NY Lee & Associates Acquire Summerville Retail Property For $29M

Property Image
SOLD
$29,000,000

South Carolina

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Retail138,137 SF
Sold 12/22/2023
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Property Image
SOLD

Kempner Properties, NY Lee & Associates Acquire Summerville Retail Property For $29M

10020 Dorchester Road

See Similar Deals
Retail138,137 SF
Sold 12/22/2023
the dealplayerscompscontact
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Summary

SOUTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$209
Total Square Footage:138,137 SF
Transaction Type:Sale

Located at 10020 Dorchester Road in Summerville, SC, a retail property has been sold in a recent transaction. The property spans an area of 138,137 square feet and was purchased for a total of $29,000,000, resulting in a price per square foot of $210. The sale was facilitated by Brad Buchanan from JLL.

Summary of Transaction Details:

  • Property Type: Retail
  • Transaction Amount: $29,000,000
  • Address: 10020 Dorchester Road, Summerville, SC
  • Square Footage: 138,137
  • Price Per Square Foot: $210

The buyers in this transaction were Doug Kempner, Rob Kempner, and Peter Kempner representing Kempner Properties, along with Peter Braus and James Wacht from NY Lee & Associates. They acquired the property from LBX Investments. The involvement of these individuals and companies showcases their active participation in the deal, working together to complete the transaction.

Players

Brad Buchanan
JLL
Brad Buchanan
27 deals$748.7M volume
BROKER
LBX Investments
LBX Investments
SELLER

Details

SOLD
IMAGE: Doug Kempner, Rob Kempner, Peter Kempner, Peter Braus, James Wacht & Brad Buchanan DATE: 12/22/2023 ADDRESS: 10020 Dorchester Road MARKET: Summerville, SC ASSET TYPE: Retail BUYER: Doug Kempner (@DFresh411), Rob Kempner (@ExtraChipotle) & Peter Kempner - Kempner Properties (@KempnerProperties); Peter Braus & James Wacht - NY Lee & Associates SELLER: LBX Investments BROKER: Brad Buchanan - JLL (@JLL) SALE PRICE: $29,000,000 SF: 138,137 ~ PPSF: $210

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