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7451 South Carolina Highway 9

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

7451 South Carolina Highway 9

$2,020,000

$202/SF

Building Size

10,000 SF

Asset Type

Retail

Closing

Nov 13, 2024

AI

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 Finkler

Besen Partners

Broker

$151.1M

vol

33 deals

Broker
TrueRate Services
TrueRate ServicesBrokerage

Inman 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

7.85%

Cash-on-Cash

-2.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93