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McSwain Machining Sells Retail Asset In Inman SC For $2.02M With Buyer's Rep Sam Finkler & Reese Weaver

Property Image
SOLD
$2,020,000
Samuel (Sam) Finkler
Bradley (Reese) Weaver

South Carolina

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Retail10,000 SF
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SOLD

McSwain Machining Sells Retail Asset In Inman SC For $2.02M With Buyer's Rep Sam Finkler & Reese Weaver

7451 South Carolina Highway 9

See Similar Deals
Retail10,000 SF
Sold
Samuel (Sam) Finkler
Bradley (Reese) Weaver
the dealplayerscompscontact
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Summary

SOUTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$202
Total Square Footage:10000 SF
Transaction Type:Sale

The property asset involved in this transaction is a retail space located at 7451 South Carolina Highway 9, Inman, SC. The sale price for this 10,000 square foot property was $2,020,000, translating to a price per square foot of $202. It also has a capitalization rate of 7.4%.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,020,000
  • Square Footage: 10,000
  • Price per Square Foot: $202
  • Capitalization Rate: 7.4%
  • Seller: McSwain Machining
  • Buyer's Representative: Sam Finkler & Reese Weaver - Besen Partners
  • Date of Transaction: 11/13/2024

Key individuals involved in the transaction include the seller, McSwain Machining, and the buyer's representatives, Sam Finkler and Reese Weaver from Besen Partners. Their representation facilitated the completion of the transaction in the Inman market.

Players

Samuel (Sam) Finkler
Besen Partners
Samuel Finkler
33 deals$151.1M volume(973) 870-2916
BROKER
Bradley (Reese) Weaver
Besen Partners
Bradley Weaver
2 deals$2M volume(504) 452-8031
BROKER
TrueRate Services
TrueRate Services
BROKERAGE

Details

SOLD
IMAGE: Sam Finkler & Reese Weaver DATE: 11/13/2024 ADDRESS: 7451 South Carolina Highway 9 MARKET: Inman, SC ASSET TYPE: Retail SELLER: McSwain Machining BUYER'S REP: Sam Finkler (@Sam_Finkler) & Reese Weaver (@Reese_Weaver) - Besen Partners (@BesenPartners) SALE PRICE: $2,020,000 SF: 10,000 ~ PPSF: $202 CAP RATE: 7.4%

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$107,733.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,176.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,575.83
Annual Debt Service$114,909.97