Prudent Growth Partners Acquires Greenwood Retail Center For $10.8M
542 By Pass 72 Northwest Greenwood, South Carolina 29649, Usa
$10,800,000
$129/SF
Building Size
83,354 SF
Asset Type
Retail
Closing
Jul 19, 2023
AI
The $10.8 million sale of Westwood Plaza, an 83,354-square-foot retail center in Greenwood, SC was brokered by Cushman & Wakefield. The property is anchored by popular retailers such as Planet Fitness, Dollar Tree, and Popshelf.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,800,000
- Square Footage: 83,354
- Address: 542 By-pass 72 NW, Greenwood, SC
- Market: Greenwood, SC
Margaret Jones and Lane Breedlove of Cushman & Wakefield represented the undisclosed seller in the deal. On the other hand, Prudent Growth Partners acquired the Westwood Plaza property.
Players
Geroda 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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93