Aug
24

Hilton Head’s Mall at Shelter Cove Sold

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Real Capital Analytics is reporting that the Mall at Shelter Cove, at 24 Shelter Cove Lane on Hilton Head Island sold earlier this month. The mall contains 256,187 square feet, with tenants including Saks Fifth Avenue, Belks, GAP, Ann Taylor and Talbot’s. Built in 1988, the mall is reportedly 87% occupied.

The sales price was approximately $22.5 million ($88 per sf) and the buyer was Blanchard and Calhoun. Cap rate information was not provided.

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    Categories : Hilton Head Island

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