New ground-up construction of a 10,000 SF Speculative Retail Center in the Carnes Crossroads development in Summerville, SC. The ground floor of the building features retail spaces, and the 2nd floor offers office space for the retail tenants. This development was completed in 2019.
The Retail Center features:
1.1 Acre Site
5:1 Parking Ratio
10,000 SF of Space
The construction began in 2018 and was stabilized at an 80% occupancy rate within three months of commencing construction.
Our investment team does ongoing market research and site analysis to determine the best locations geared towards our investment strategy.
We perform site inspections and consult with general contractors and architects to identify property improvement opportunities and cost estimates.
We do extensive property analysis including underwriting property historical cash flow, three tiered income modeling, future cash flow projections and IRR and cash on cash return profitability models.
Our team underwrites the current tenants and reviews all current lease agreements to determine an appropriate credit grade of the property and identify opportunities for improvement.