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L2 Acquisitions LLC Acquires Retail Property In Murrells Inlet, SC For $4.5M
SOLD
$4,500,000
South Carolina
See Similar DealsRetail10,500 SF
Sold 11/21/2023
SOLD
L2 Acquisitions LLC Acquires Retail Property In Murrells Inlet, SC For $4.5M
3710 South Carolina Highway 17
See Similar DealsRetail10,500 SF
Sold 11/21/2023
Summary
SOUTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$428
Total Square Footage:10,500 SF
Transaction Type:Sale
A 10,500-square-foot retail building located at 3710 South Carolina Highway 17 in Murrells Inlet, SC has been sold. The property, which houses a CVS, was successfully sold for $4.5 million at a 6.4 percent capitalization rate.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,500,000
- Square Footage: 10,500
- Price per Square Foot: $429
- Address: 3710 South Carolina Highway 17
- Market: Murrells Inlet, SC
The buyer of the retail property is L2 Acquisitions LLC, while the seller is Inlet Junction II LLC. The transaction was facilitated by Nicholas Anzalone and Stuart Frankel of Silber Investment Properties, who acted as brokers in the deal.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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