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542 By Pass 72 Northwest Gr...

Prudent Growth Partners Acquires Greenwood Retail Center For $10.8M
SOLDRetail

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

Lane Breedlove

Cushman & Wakefield

Broker

$82M

vol

5 deals

Broker
PL
Prudent Growth Partners, LLCBuyer

Geroda Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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