Marcus & Millichap Sells 62,799 SF Retail Property On 5.58 Acres In Chesnee, SC For $3.1M
712 South Alabama Avenue, Chesnee, South Carolina 29323, United States
$3,100,000
$49/SF
Building Size
62,799 SF
Asset Type
Retail
Closing
Dec 7, 2021
AI
Ani Paulson, Pearce Vogler & Benjamin Yelm of Marcus & Millichap represented the parties involved in the sale of a retail property located at 712 S Alabama Ave in Chesnee, SC. The property spans across 5.58 acres and has a total square footage of 62,799. The transaction was completed on December 8, 2021, for a sale price of $3,100,000, resulting in a price per square foot of $49.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,100,000
- Address: 712 S Alabama Ave, Chesnee, SC
- Market: Chesnee, SC
- ACRES: 5.58
The deal was facilitated by Ani Paulson, Pearce Vogler & Benjamin Yelm from Marcus & Millichap, who acted as the brokers in the transaction.
Players
Chesnee 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93