Updated Oct 28, 2024
Agree Realty Acquires Retail Property In Greenville, SC For $10.7M
3128 North Pleasantburg Drive, Greenville, South Carolina 29609, United States
$10,700,000
Building Size
—
Asset Type
Retail
Closing
Jul 14, 2022
About this deal
AI
The retail property located at 3120, 3124 & 3128 N Pleasantburg Dr in Greenville, SC has been sold for a total price of $10,700,000. The property spans a total area of 70,635 square feet, resulting in a per square foot price of $151. The transaction was completed on 07/15/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,700,000
- Address: 3120, 3124 & 3128 N Pleasantburg Dr, Greenville, SC
- Market: Greenville, SC
- Buyer: Agree Realty
- Seller: Cherrydale 245 LLC
Zach Taylor from Institutional Property Advisors represented the buyer, Agree Realty, in this transaction.
Players
Greenville 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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93