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1645 Cranium Drive

Marcus & Millichap Facilitates $6.3M Sale Of Walgreens Property In Rock Hill, SC
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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

Dean Giannakopoulos

Marcus & Millichap

Broker

$96.3M

vol

13 deals

Broker

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