Properties

Corners at Centre Pointe, North Charleston, SC

459 Centre Pointe Drive, Suite 101-104
North Charleston, SC 29418

PROPERTY SOLD

Property: Investment Sales

Square Footage: 15,477

Acreage: 1.90

Price: $4,670,000

Cap Rate: Call

Description:

• Located at the intersection of I-26/526 near the international airport and 10 miles from historic downtown Charleston
• 15,477 square foot center on about 1.90 acres developed in 2007 and anchored by Buffalo Wild Wings and Five Guys
• Tenant mix of national/regional brands and corporate/franchisee leases that commenced between 2007 and 2012
• The leveraged transaction closed escrow in May 2013 for approximately $4.67 million with a 59% loan
• The buyer was a private real estate company out of North Carolina completing a 1031 exchange