Marcus & Millichap Facilitates $6.3M Sale Of Walgreens Property In Rock Hill, SC
1645 Cranium Drive
$6,250,000
$429/SF
Building Size
14,550 SF
Asset Type
Retail
Closing
Oct 30, 2023
AI
Marcus & Millichap recently facilitated the sale of a retail property in Rock Hill, SC. The property, located at 1645 Cranium Drive, was sold by Zosime, LLC for a total price of $6,250,000. The building spans an area of 14,550 square feet and is occupied by Walgreens under a triple-net-lease arrangement. With a price per square foot of $430, this single-tenant property offers an attractive investment opportunity in the Rock Hill market.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $6,250,000
- Square Footage: 14,550
- Price per Square Foot: $430
- Address: 1645 Cranium Drive, Rock Hill, SC
- Seller: Zosime, LLC
Leading the deal on behalf of Zosime, LLC were Andrew Margulies, Harrison Creason, and John Berger, who represented the seller as brokers from Marcus & Millichap. Dean Giannakopoulos, also from Marcus & Millichap, acted as the mortgage broker. This transaction highlights the expertise and effectiveness of the Marcus & Millichap team in facilitating successful real estate deals.
Players
Rock Hill 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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93