First National Realty Partners Acquires Retail Property In Sumter For $6.625M
SOLD
$6,625,000
South Carolina
See Similar DealsRetail66,755 SF
Sold 05/01/2024
SOLD
First National Realty Partners Acquires Retail Property In Sumter For $6.625M
1011 Broad Street
See Similar DealsRetail66,755 SF
Sold 05/01/2024
Summary
SOUTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$99
Total Square Footage:66,755 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$353,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,537.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,405.88
Annual Debt Service$376,870.56
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