First National Realty Partners Acquires Retail Property In Sumter For $6.625M
1011 Broad Street
$6,625,000
$99/SF
Building Size
66,755 SF
Asset Type
Retail
Closing
May 1, 2024
AI
The retail property located at 1011 Broad Street in Sumter was recently sold for the amount of $6,625,000. This property spans 66,755 square feet, resulting in a price per square foot of $99.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,625,000
- Buyer: First National Realty Partners
- Buyer's Representative: Josh Peck - Douglas Elliman
- Seller's Representatives: Thurman Brooks & Eric Howell - Providence Group
- Market: Sumter
- Address: 1011 Broad Street
Josh Peck from Douglas Elliman represented First National Realty Partners in this transaction, while Thurman Brooks & Eric Howell from Providence Group represented the seller.
Players
Sumter Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.39%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93