1235 Ben Sawyer Boulevard changes hands in investment sale

NAI Charleston announced the successful sale of 1235 Ben Sawyer Boulevard in Mount Pleasant, South Carolina, for $1,675,000.

This ±3,942 SF building on ±0.48 AC is currently leased to Automotive Excellence, a long-standing automotive service and repair business that has operated in Mount Pleasant for many years. The transaction closed at a 5.5% cap rate on in-place income.

Trad Dyches of NAI Charleston represented the seller, T & L Investments, LLC, in the investment sale. The buyer, Low Country Investment Partners, LLC, was represented by Troy Barber of King & Society.

The buyer acquired the property as part of a 1031 exchange strategy, attracted by the asset’s stable cash flow and future redevelopment potential upon lease expiration.

“It was a pleasure working with T & L Investments – the owner has been a long-time friend, and I look forward to helping them pursue additional properties in the future,” said Dyches.

Located along the highly traveled Ben Sawyer Boulevard corridor, the property offers investors a combination of reliable in-place income and long-term upside in one of Charleston’s most sought-after submarkets.

For more information, contact Trad Dyches, CCIM at +1 (843) 364 4288 or [email protected].

About NAI Charleston

NAI Charleston is a full-service commercial real estate firm whose industry experts have over a century of combined experience in the Charleston commercial real estate industry and over $1 billion in total transaction volume. In 2017, local brokers Thomas Boulware, Dexter Rumsey, David Ingle and David Grubbs partnered together to found NAI Charleston as an independent franchise of NAI Global, one of the leading global commercial real estate firms, to strengthen their leadership and footprint in the Lowcountry. An owner-operated firm, NAI Charleston possesses a highly personal and unwavering commitment to excellence that can’t be duplicated. Local ownership and leadership, paired with global resources, enable them to offer clients unparalleled services. As a member of NAI Global, NAI Charleston has independent access to the largest, most powerful network of owner-operated commercial real estate firms in the world. Their affiliates comprise 6,000 professionals in 375 offices and 36 countries. Their brokerage, development, management, and consulting services are tailor-made to meet the specific needs of each assignment – from single transactions to coordinating the delivery of multiple services over broad geographic areas.