Updated Oct 13, 2026
Edens Acquires 104K SF Retail Space In Mount Pleasant For $28.5M
616 Coleman Boulevard Mount Pleasant, South Carolina 29464, USA
$28,500,000
$274/SF
Building Size
104,000 SF
Asset Type
Retail
Closing
Jul 17, 2023
About this deal
AI
Edens, represented by Alan Freeman and Jeff Yurfest of The Shopping Center Group (TSCG), has acquired 104,000 square feet of retail space at 616 Coleman Boulevard in Mount Pleasant, South Carolina. The property sits on 8.8 acres of land and was sold by GMB LLC for a price of $28.5 million. The transaction was facilitated by Tim Wood and Woody Kapp of Meyer Kapp and Associates.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $28,500,000
- Address: 616 Coleman Boulevard, Mount Pleasant, SC
- Market: Mount Pleasant, SC
- Total Acres: 8.8
The buyer, Edens, was represented by Alan Freeman and Jeff Yurfest of TSCG in the acquisition of this retail property. On the other hand, the seller, GMB LLC, enlisted the services of Tim Wood and Woody Kapp from Meyer Kapp and Associates. Together, these professionals facilitated the transaction, which resulted in Edens securing the property for a significant price.
On the Map
$28,500,000
$274/SF
Retail
View full map
Players
Mount Pleasant Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit TSCG (The Shopping Center Group) to view all their deals.
Browse South Carolina retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93