facebook
Traded Co logo
Submit

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

Property Image
SOLD
$25,200,000
Andrew Kahn
Jim Hamilton
+ 1

South Carolina

See Similar Deals
Retail118,440 SF
Sold 10/12/2022
the dealplayerscompscontact
Property Image
SOLD

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

1121 Fording Island Road, Bluffton, South Carolina 29910, United States

See Similar Deals
Retail118,440 SF
Sold 10/12/2022
Andrew Kahn
Jim Hamilton
+ 1
Contact now

Summary

SOUTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$212
Total Square Footage:118,440 SF
Transaction Type:Sale

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.

Players

Jim Hamilton
28 deals$1B volume
BROKER

Brad Buchanan
JLL
27 deals$748.7M volume
BROKER

Andrew Kahn
JLL
15 deals$393.3M volume
BROKER

Thomas Kolarczyk
JLL
10 deals$292.9M volume
BROKER

BUYER

Details

SOLD
IMAGE: Jim Hamilton, Brad Buchanan, Kolarczyk & Andrew Kahn DATE: 10/12/2022 ADDRESS: 1121 Fording Island Road MARKET: Bluffton, SC ASSET TYPE: Retail BUYER: Serota Properties SELLER: Jaz Development, LLC BROKERS: Jim Hamilton, Brad Buchanan, Kolarczyk & Andrew Kahn - JLL SALE PRICE: $25,200,000 SF: 118,440 ~ PPSF: $213

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,344,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$89,530.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$119,460.86
Annual Debt Service$1,433,530.28