Updated Oct 28, 2024
Continental Realty Corporation Acquires Retail Property In Mt Pleasant SC For $3.9M
1218 Beck Drive, Mount Pleasant, South Carolina 29466, United States
$3,900,000
$552/SF
Building Size
7,054 SF
Asset Type
Retail
Closing
Jul 31, 2022
About this deal
AI
Continental Realty Corporation has acquired a retail property located at 1218 Belk Dr in Mt Pleasant, SC. The property spans a total area of 7,054 square feet and was sold for a price of $3,900,000, resulting in a price per square foot of $553.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,900,000
- Address: 1218 Belk Dr, Mt Pleasant, SC
- Market: Mt Pleasant, SC
- Buyer: Continental Realty Corporation
- Broker: Trey Lucy - Belk
Trey Lucy of Belk represented the buyer, Continental Realty Corporation, in this transaction.
Players
Mount Pleasant 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93