Agree Realty Acquires Retail Property In Greenville, SC For $10.7M
SOLD
$10,700,000
South Carolina
See Similar DealsRetail
Sold 07/15/2022
SOLD
Agree Realty Acquires Retail Property In Greenville, SC For $10.7M
3128 North Pleasantburg Drive, Greenville, South Carolina 29609, United States
See Similar DealsRetail
Sold 07/15/2022
Summary
SOUTH CAROLINA
Asset Type:Retail
Transaction Type:Sale
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
BROKERAGE
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$570,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,014.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,723.46
Annual Debt Service$608,681.51
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