The Southeastern Investment Sales team, David Rivers, Steve Collins and Ryan McArdle, facilitated the sale of Ocean Plaza, a 66,497 SQ FT Kroger anchored shopping center in North Myrtle Beach, SC. Located at the corner of Highway 17 and Main Street, the shopping center gave investors irreplaceable real estate with potential for upside through renovations and leasing. 93% of this center was occupied when purchased. Southeastern worked with the Buyer who was an International REIT and the Seller who was the original Developer. The Buyer in this transaction is seeking additional assets for acquisition. The center was bought off market.
– All Cash
– 66,497 SQ FT Kroger anchored shopping center in North Myrtle Beach, SC.
– Buyer is an International REIT that invests in retail real estate properties across the country.
– Buyer is seeking additional assets for Acquisition.
Southeastern is a full-service commercial real estate firm. The Southeastern Investment Sales team specializes in well positioned anchored and unanchored retail properties throughout the country. Their proven track record on both the acquisition and disposition sides are a direct result of their understanding of the market place, appropriate asset valuation based off current market conditions and the alignment of assets to the most suitable and qualified Buyer/Seller.