Serota Properties Acquires Retail Property In Bluffton, SC For $25.2M

The retail property located at 1121 Fording Island Road in Bluffton, SC has been sold in a transaction. The property spans 118,440 square feet and was sold for a price of $25,200,000, resulting in a price per square foot of $213. The buyer of the property was Serota Properties, while the seller was Jaz Development, LLC.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $25,200,000
• Square Feet: 118,440
• Price per Square Foot: $213
• Address: 1121 Fording Island Road, Bluffton, SC
• Market: Bluffton, SC

The deal was facilitated by brokers Jim Hamilton, Brad Buchanan, Kolarczyk & Andrew Kahn from JLL, who represented both the buyer, Serota Properties, and the seller, Jaz Development, LLC, in the transaction.