Updated Oct 29, 2024
Woodhaven Development Group Acquires Retail Property In Summerville, SC For $4M
N. Main Street & Azalea Square Boulevard, Summerville, Sc
$4,006,250
$770/SF
Building Size
5,200 SF
Asset Type
Retail
Closing
May 8, 2023
About this deal
AI
The retail property located at N. Main Street & Azalea Square Boulevard in Summerville, SC has been sold for a total price of $4,006,250, with a square footage of 5,200. The transaction was completed on 05/08/2023.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $4,006,250
- Square Footage: 5,200
- Price Per Square Foot: $770
- Market: Summerville, SC
The buyer of the property is Woodhaven Development Group LLC, represented by Micah Groeber from Atlantic Retail. The seller, Flour-Town Holdings LLC, was represented by Will Sherrod from NAI.
Players
Summerville 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
3.96%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93