Marcus & Millichap Brokers Sell Retail Property In Lexington, S.C. For $7.1M
SOLD
$7,125,000
South Carolina
See Similar DealsRetail75,763 SF
Sold 04/25/2023
SOLD
Marcus & Millichap Brokers Sell Retail Property In Lexington, S.C. For $7.1M
712 West Main Street, Lexington, South Carolina 29072, United States
See Similar DealsRetail75,763 SF
Sold 04/25/2023
Summary
SOUTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$94
Total Square Footage:75,763 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$379,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,313.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,776.14
Annual Debt Service$405,313.62
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