Updated Oct 28, 2024
Ronicks LLC Acquires Retail Property In Hilton Head, SC For $18.2M
91 Mathews Drive, Hilton Head Island, South Carolina 29926, United States
$18,200,000
$200/SF
Building Size
90,860 SF
Asset Type
Retail
Closing
Jun 6, 2022
About this deal
AI
Located at 91 Mathews Drive in Hilton Head, SC, this retail property has been sold in a recent transaction. The property spans 90,860 square feet and was sold for a total price of $18,200,000, resulting in a price per square foot of $200.
Summary of transaction details
- Property Type: Retail
- Sale Price: $18,200,000
- Square Footage: 90,860
- Price per Square Foot: $200
- Address: 91 Mathews Drive, Hilton Head, SC
- Market: Hilton Head, SC
The buyer in this transaction is Ronicks LLC, while the seller is GFB Associates LLC. The deal was facilitated by Zach Taylor from Institutional Property Advisors, who represented the buyer in this transaction.
Players
Hilton Head Island 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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93