Updated Oct 6, 2026
Todd Briddell Of CenterSquare Investment Management Acquires Retail Property In Greenville For $11.7M
3714 Pelham Road
$11,700,000
$471/SF
Building Size
24,834 SF
Asset Type
Retail
Closing
Oct 6, 2026
About this deal
AI
CenterSquare Investment Management acquired a retail property located at 3714 Pelham Road in Greenville, SC. The asset features a total of 24,834 square feet and comprises four buildings. The sale price for this 100%-occupied center was $11,700,000, equating to a price per square foot of $471. The property is strategically positioned at the intersection of Interstate 85 and Pelham Road, housing tenants such as Tropical Smoothie Cafe, Jimmy John’s, Massage Envy, and Moe’s Southwest Grill.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,700,000
- Address: 3714 Pelham Road
- Market: Greenville, SC
- Square Footage: 24,834
- Price Per Square Foot: $471
- Buyer: Todd Briddell - CenterSquare Investment Management
This acquisition marks a significant expansion of CenterSquare Investment Management's portfolio in the Carolinas, bringing the total number of properties managed in this region to 13.
On the Map
$11,700,000
$471/SF
Retail
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Pelham 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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93