Marcus & Millichap Brokers Sell Retail Property In Lexington, S.C. For $7.1M
712 West Main Street, Lexington, South Carolina 29072, United States
$7,125,000
$94/SF
Building Size
75,763 SF
Asset Type
Retail
Closing
Apr 25, 2023
AI
An retail property located at 712 W Main St in Lexington, S.C has been sold for a total price of $7,125,000. The property spans across 75,763 square feet with a price per square foot of $94.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,125,000
- Address: 712 W Main St, Lexington, S.C
- Market: Lexington, S.C
- Brokers: Ben Yelm, Andrew Margulies and Harrison Creason - Marcus & Millichap
- Square Footage: 75,763
- Price per Square Foot: $94
The sale of this retail property was facilitated by Ben Yelm, Andrew Margulies, and Harrison Creason from Marcus & Millichap.
Players
Lexington 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93