Updated Sep 9, 2024
Soly Halabi & Joseph Simhoneight Sell Retail Portfolio For $79.4M - NNN Pro Group
1990 McCrays Mill Road Sumter, South Carolina 29150, USA
$79,400,000
Building Size
—
Asset Type
Retail
Closing
May 30, 2023
About this deal
AI
The retail portfolio located in Sumter, SC; Birmingham, AL; Richmond & Roanoke, VA; and Oklahoma City & Lawton, OK has been sold for a total price of $79,400,000. The properties included in the portfolio are situated at the following addresses: 1990 McCrays Mill Rd, 1560 Montclair Rd, 7000 Iron Bridge Rd, 3419 Orange Ave. NE, 4950 Planation Rd, 2141 Dale Ave. SE, 4900 S. Sooner Rd, and 3745 SW Lee Blvd.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $79,400,000
The sale of the retail portfolio was facilitated by Anthony D’Ambrosia and Glen Kunofsky from NNN Pro Group, who represented the sellers, Soly Halabi and Joseph Simhoneight.
Players
Sumter 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93