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1011 Broad Street

First National Realty Partners Acquires Retail Property In Sumter For $6.625M
SOLDRetail

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

Joshua Peck

GFI Realty Services

Broker

$232M

vol

13 deals

Broker

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