Marcus & Millichap Brokers $8 Million Sale Of Harbour Lake Plaza Retail Center In Goose Creek SC
1316 Red Bank Road
$8,000,000
$128/SF
Building Size
62,198 SF
Asset Type
Retail
Closing
Jan 14, 2025
AI
The property involved in this transaction is Harbour Lake Plaza, a retail center located at 1316 Red Bank Road in Goose Creek, SC. The retail center encompasses a total area of 62,198 square feet and was 97% leased at the time of closing. The sale price for the asset was $8,000,000, which translates to a price per square foot of $129.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $8,000,000
- Square Footage: 62,198
- Address: 1316 Red Bank Road
- Market: Goose Creek, SC
The transaction was facilitated by a team of brokers from Marcus & Millichap, including Allyssa Paragano, Ani Paulson, David E. Gant, and Lori Schneider. This firm played a significant role in arranging the sale, aligning the interests of the buyer and seller in this retail asset transaction.
Players
Goose Creek 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93