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Marcus & Millichap Brokers $8 Million Sale Of Harbour Lake Plaza Retail Center In Goose Creek SC

Property Image
SOLD
$8,000,000
Lori Schneider
David E. Gant
+ 1

South Carolina

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Retail62,198 SF
Sold 01/14/2025
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Property Image
SOLD

Marcus & Millichap Brokers $8 Million Sale Of Harbour Lake Plaza Retail Center In Goose Creek SC

1316 Red Bank Road

See Similar Deals
Retail62,198 SF
Sold 01/14/2025
Lori Schneider
David E. Gant
+ 1
Contact now

Summary

SOUTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$128
Total Square Footage:62,198 SF
Transaction Type:Sale

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

David E. Gant
6 deals$63M volume
BROKER

Lori Schneider
Marcus & Millichap
7 deals$65.6M volume
BROKER

Ani Paulson
Marcus & Millichap
10 deals$79.1M volume
BROKER

Allyssa Paragano
Marcus & Millichap
2 deals$26.8M volume(843) 952-2226
BROKER

Details

SOLD
IMAGE: 01/14/2025 ADDRESS: 1316 Red Bank Road MARKET: Goose Creek, SC ASSET TYPE: Retail BROKERS: Allyssa Paragano, Ani Paulson, David E. Gant & Lori Schneider - Marcus & Millichap SALE PRICE: $8,000,000 SF: 62,198 ~ PPSF: $129 NOTE: Marcus & Millichap brokers $8M retail center sale. The firm arranged the sale of Harbour Lake Plaza, a 62,198-square-foot retail center in Goose Creek, SC, anchored by Food Lion and 97% leased at closing.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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