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Prudent Growth Partners Acquires Greenwood Retail Center For $10.8M
SOLD
$10,800,000
South Carolina
See Similar DealsRetail83,354 SF
Sold 07/19/2023
SOLD
Prudent Growth Partners Acquires Greenwood Retail Center For $10.8M
542 By Pass 72 Northwest Greenwood, South Carolina 29649, Usa
See Similar DealsRetail83,354 SF
Sold 07/19/2023
Summary
SOUTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$129
Total Square Footage:83,354 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$576,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12
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