Marcus & Millichap Brokers $18.8M Sale Of The Shoppes At Montague Corners

The Shoppes at Montague Corners in North Charleston, a 106,518-square-foot retail center anchored by Planet Fitness, was sold for $18.8 million. The property, located at 5060 Dorchester Road, is 94.6% occupied and recently renovated for $4 million. Tenants include Dollar General and Harbor Freight Tools.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $18,800,000
• Market: North Charleston
• SF: 106,518
• PPSF: $176
• Brokers: Allyssa Paragano & Ani Paulson - Marcus & Millichap

Marcus & Millichap represented the parties in the $18.8 million sale of The Shoppes at Montague Corners. Allyssa Paragano and Ani Paulson from Marcus & Millichap facilitated the transaction involving this well-occupied retail asset with a diverse tenant mix, highlighting their expertise in the North Charleston market.