SRS Real Estate Partners Facilitates $3.2M Sale Of Retail Property In Beaufort, SC
162 Sea Island Parkway
$3,200,000
$470/SF
Building Size
6,800 SF
Asset Type
Retail
Closing
Dec 20, 2023
AI
SRS Real Estate Partners has facilitated the $3.2 million sale of a 6,800-square-foot retail property located at 162 Sea Island Parkway in Beaufort, South Carolina. The property is occupied solely by Mavis Discount Tire, who holds a 20-year triple-net lease.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,200,000
- Address: 162 Sea Island Parkway
- Market: Beaufort, SC
The deal was successfully brokered by Patrick Nutt, Sabrina Kortlandt, and William Wamble from SRS Real Estate Partners, who represented the buyer and/or seller in this transaction.
Players
Union 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93