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Marcus & Millichap Brokers $7.2 Million Sale Of Hope Ferry Center In Lexington South Carolina
SOLD
$7,200,000
South Carolina
See Similar DealsRetail51,749 SF
Sold 10/27/2025
SOLD
Marcus & Millichap Brokers $7.2 Million Sale Of Hope Ferry Center In Lexington South Carolina
5175 Sunset Boulevard
See Similar DealsRetail51,749 SF
Sold 10/27/2025
Summary
SOUTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$139
Total Square Footage:51,749 SF
Transaction Type:Sale
5175 Sunset Boulevard is a retail property located in Lexington, SC, encompassing 3.5 acres. The asset was sold for $7,200,000 with a total square footage of 51,749, translating to a price per square foot of $139.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,200,000
- Address: 5175 Sunset Boulevard
- Market: Lexington, SC
- Total Acres: 3.5
- Square Footage: 51,749
- Price Per Square Foot: $139
The transaction was brokered by Harrison Creason and Andrew Margulies from Marcus & Millichap, who facilitated the sale of Hope Ferry Center in Lexington, S.C.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$384,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08
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