Marcus & Millichap Arranges $9.3M Sale Of Shoppes At Walterboro Retail Center
2098 Bell's Highway
$9,300,000
$174/SF
Building Size
53,330 SF
Asset Type
Retail
Closing
Sep 24, 2025
AI
The property involved in this transaction is a retail asset located at 2098 Bell's Highway in Walterboro, SC. The sale took place on September 24, 2025, with a sale price of $9,300,000. The retail center spans 53,330 square feet and sits on an asset area of 7.4 acres, with a price per square foot calculated at $174. The property was 97% leased at the time of the sale and was built in 2007, recently undergoing renovations in 2024. It is shadow-anchored by Walmart and includes tenants such as Five Below, Dollar Tree, and AT&T.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,300,000
- Address: 2098 Bell's Highway
- Market: Walterboro, SC
- Asset Area: 7.4 acres
- Square Footage: 53,330
- Price per Square Foot: $174
The transaction was facilitated by broker Altaf "Al Taf" Sulaiman representing Marcus & Millichap. The firm arranged the sale of this retail center, indicative of its leasing strength and valuable location within the market.
Players
Walterboro 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93