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
Inman 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
7.85%
Cash-on-Cash
-2.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93