Updated Oct 28, 2024
Stiles Acquires Retail Property In Charleston, SC For $29M
1679 Clements Ferry Road, Charleston, South Carolina 29492, United States
$29,000,000
$386/SF
Building Size
75,000 SF
Asset Type
Retail
Closing
Dec 16, 2021
About this deal
AI
The retail property located at 1679 Clements Ferry Road in Charleston, S.C has been sold for a total of $29,000,000. The property spans across 75,000 square feet, resulting in a price per square foot of $387.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $29,000,000
- Address: 1679 Clements Ferry Road
- Market: Charleston, S.C
- Seller: Ken Stiles - Stiles
- Square Footage: 75,000
- Price per Square Foot: $387
Ken Stiles, representing Stiles, served as the seller of the property in this transaction.
Players
Charleston 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93