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Edens Acquires 104K SF Retail Space In Mount Pleasant For $28.5M

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SOLD
$28,500,000
+ 2

South Carolina

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Retail104,000 SF
Sold 07/17/2023
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Property Image
SOLD

Edens Acquires 104K SF Retail Space In Mount Pleasant For $28.5M

616 Coleman Boulevard Mount Pleasant, South Carolina 29464, USA

See Similar Deals
Retail104,000 SF
Sold 07/17/2023
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Summary

SOUTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$274
Total Square Footage:104,000 SF
Transaction Type:Sale

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.

Players

AF
1 deal$28.5M volume
BROKER

1 deal$28.5M volume
BROKER

1 deal$28.5M volume
BROKER

1 deal$28.5M volume
BROKER

1 deal$28.5M volume
BROKER

BUYER

Details

SOLD
IMAGE: Tim Wood & Woody Kapp DATE: 07/17/2023 ADDRESS: 616 Coleman Boulevard MARKET: Mount Pleasant, SC ASSET TYPE: Retail ~ ACRES: 8.8 BUYER: Edens SELLER: GMB LLC BUYER'S REP: Alan Freeman & Jeff Yurfest - TSCG (The Shopping Center Group) SELLER'S REP: Tim Wood & Woody Kapp - Meyer Kapp & Associates SALE PRICE: $28,500,000 SF: 104,000 ~ PPSF: $274 NOTE: Edens, a buyer represented by Alan Freeman and Jeff Yurfest of The Shopping Center Group, has acquired 104,000 square feet and 8.8 acres of retail space at Moultrie Plaza in Mount Pleasant for $28.5 million. The seller, GMB LLC, was represented by Tim Wood and Woody Kapp of Meyer Kapp and Associates in the transaction.

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Debt Service Coverage Ratio (DSCR)

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