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1st Floor - Unit Publix
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Retail
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52,606 SF
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$25,000,000 USD
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Unit Size: 52,606 SF
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Condo Use: Retail
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Price: $25,000,000 USD
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Sale Type: Investment
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Price/SF: $475.23 USD
Sale Notes
Premium A+ real estate in Charleston Medical Center District! Prime long term NNN solid gold credit of Publix corporate. 16+ years remaining on initial term. Assumable 2.85% financing! 6%+ Cash on Cash return, years 1-3 while on IO. Income increases in subsequent terms. Built-in Publix customer base with 350 apartment units in same building above the store. This 350 unit Apartment Building is owned by an Investment Company, purchased for $134M in 2021.
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