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NAI Charleston Facilitates $1.425 Million Investment Sale of Free-Standing Retail Building in Mt. Pleasant
CHARLESTON, SC (May 15, 2018) NAI Charleston is pleased to announce Associates Andrew Batkins and Elliot Calhoun facilitated the investment sale of the free-standing retail building at 1510 North Highway 17 in Mt. Pleasant, SC. The ±8,593-square-foot property was purchased by Commercial 17 Property, LLC for $1.425 million. NAI Charleston represented the buyer in the transaction, while Trey Lucy of Belk Lucy represented the seller, JAKP LLC.
Constructed in 1950, The two-story Class B retail building is currently occupied by three tenants. The first floor is shared by Crescent Homes, which occupies ±4,761 square feet of space, and Design Collective and JLV Creative, which occupies ±1,272 square feet of space. Academy of Dance Arts occupies ±2,560 square feet of space on the second floor.
“It was a pleasure helping our client add to his portfolio of investment properties here in Charleston,” said Calhoun. “His investment in this asset reflects the long-term dedication to the Charleston market and the consensus that retail investment is alive and well. We look forward to sourcing more investment deals for this and other investment clients in the greater Charleston area.”
For more information, contact Andrew Batkins at +1 (843) 518 5379 or firstname.lastname@example.org.
About NAI Charleston
NAI Charleston is a full-service commercial real estate brokerage and management firm with industry experts who have more than a century of combined experience in the Charleston commercial real estate market. In 2017, local brokers Thomas Boulware, Dexter Rumsey, David Ingle and David Grubbs partnered together to establish NAI Charleston as an independent franchise of NAI Global. NAI Global is a leading owner-operated commercial real estate network, with more than 400 offices and 7,000 market professionals in North America, Latin America, Europe, Africa and Asia Pacific.
Learn more at naicharleston.com.