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Ziff Real Estate Partners Acquires Retail Center In Charleston From Continental Realty Corporation For $22.57M
SOLD
$22,570,000
South Carolina
See Similar DealsRetail136,000 SF
Sold 03/24/2026
SOLD
Ziff Real Estate Partners Acquires Retail Center In Charleston From Continental Realty Corporation For $22.57M
946 Orleans Road
See Similar DealsRetail136,000 SF
Sold 03/24/2026
Summary
SOUTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$166
Total Square Footage:136,000 SF
Transaction Type:Sale
The property asset involved in the transaction is West Ashley Shoppes, a retail center located at 946 Orleans Road in Charleston, South Carolina. The center features a total square footage of 136,000 and was sold for a transaction amount of $22,570,000, translating to a price per square foot of $166.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22,570,000
- Square Footage: 136,000
- Address: 946 Orleans Road
- Market: Charleston, SC
- Buyer: Ziff Real Estate Partners
- Seller: Continental Realty Corporation
- Broker: Thomas Kolarczyk - JLL
The key individuals and companies involved in this deal include Ziff Real Estate Partners as the buyer and Continental Realty Corporation, which acted as the seller. Thomas Kolarczyk represented the seller during the transaction, facilitating the sale of the retail center.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,203,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$80,186.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$106,993.31
Annual Debt Service$1,283,919.78
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