Updated Dec 4, 2024
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
About this deal
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