Coldwell Banker Commercial Atlantic Closes $5.885m Deal for Charleston, S.C. Shopping Center
CHARLESTON, S.C. (July 26, 2024) – Coldwell Banker Commercial Atlantic is proud to announce the sale of 3750 Savannah Highway, a Class-A retail/office center, ideally positioned on the high-visibility corner of Bees Ferry Road and Savannah Highway in Charleston, South Carolina. The transaction closed for $5,885,000.00.
Kip Bowman and Sara Bodell of Coldwell Banker Commercial Atlantic represented the buying side of the transaction between seller, El Cid Alpha, LLC, and buyer, 168, LLC. The 15,000-square-foot shopping center’s tenants include Subway, Stono Dental Care, Method Training, Benchmark Physical Therapy, Nail Kit, State Farm and Domino's.
“This attractive, bustling retail center is well-suited for retail and office tenants, a perfect investment opportunity,” said Bodell. “The West Ashley/Charleston area is the gateway to the fast-paced development in Southern Charleston County. Growing communities with a strong economy, beautifully planned neighborhoods, rich history, and plenty of southern hospitality are all attributes drawing new residents and businesses to this area.”
According to Bowman, the Charleston region’s population is growing three times faster than the U.S. average, having reached more than 830,000 residents. “There has been an influx of well-educated young talent, who come for jobs or to create their own business in an entrepreneurial-friendly community. And since 2005, the Charleston economy has more than doubled due to the manufacturing additions of Boeing and Volvo, a growing IT sector and the expansion of our port.”
About Coldwell Banker Commercial Affiliates
Coldwell Banker Commercial Atlantic, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.
Media Contact:
Kevin Guhl
Email: kevin.guhl@cbhomeoffice.com
Phone: 973-407-5916
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