NAI Charleston announces the sale of 2150 Morris Baker Boulevard, formerly HHGregg, to Hudson Nissan. The ±31,167 SF free standing building situated on ±2.42 AC located at the signalized intersection of Rivers Avenue will provide an excellent opportunity for Hudson Nissan to expand their capabilities within close proximity to the original dealership. With the used car market booming, the necessity for additional space has been greater than ever. Older car models are seeing more circulation, hence Hudson Nissan’s need for supplementary square footage.
In addition, this transaction is an excellent example of the downward trend of big box retail, and it showcases the different ways in which they are being repurposed.
“We were fortunate to be able to represent our client Hudson Nissan in the purchase of an asset that perfectly suited their needs,” said Welles Worthen, broker at NAI Charleston, who along with Dexter Rumsey, represented the buyer, Real Estate Holdco, LLC in this transaction. Jon Stanley and Joseph Purze of CBRE represented the seller, VEREIT, Inc. The property was sold for $3,500,000.