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South Village II 2525 Augustine Herman Hwy 11,986 SF 100% Leased Retail Building Chesapeake City, MD 21915 $7,108,669 ($593.08/SF) 6.50% Cap Rate
Executive Summary
South Village is a 100% leased Retail Center and is located just south of the C&D Canal with strong traffic patterns and great access and visibility to Augustine Herman Highway. The center is oriented in 4 separate buildings including a drive through configuration on the north most building. There is a diverse mix of tenants that operate within this center. Full details are available with a completed confidentiality agreement. Please do not contact or disturb the tenants. This is one of two retail properties that can be purchased individually or as a package.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,986 SF
Building Class
A
Year Built
2007
Price
$7,108,669
Price Per SF
$593.08
Cap Rate
6.50%
NOI
$462,063
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.44 AC
Zoning
GC - General Commercial zone that is intended for retail and other commercial uses.
Parking
90 Spaces (7.51 Spaces per 1,000 SF Leased)
Frontage
356’ on Augustine Herman Hwy
Property Taxes
| Parcel Number | 02-020742 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,475,000 |
Property Taxes
Parcel Number
02-020742
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,475,000
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South Village II | 2525 Augustine Herman Hwy
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