Archive for Camden
HighBridge Properties, announced today that it has sold a net-leased, O’Reilly Auto Parts store in Camden, S.C., for $1.1 million. HighBridge represented the property’s developer and seller, A.L. Saad and Company, in the transaction.
Located along U.S. Route 1, the free-standing, single-tenant property was built in 2009. O’Reilly Auto Parts is operating the 6,600-square-foot property on a 20-year net lease in which it is responsible for property expenses and taxes. The property also features an ATM machine that is leased by AllSouth Credit Union. The buyer of each property was not identified. The capitalization rate for the Camden transaction (excluding the ATM machine) was 8.25%, while the North Charleston transaction was priced at a 7.65% cap rate.
Based in Springfield, Mo., O’Reilly Auto Parts is the second-largest auto-parts retailer in the United States, with 3,600 locations in 39 states. The publicly traded firm recorded $5.4 billion in sales during 2010.
Medical Center buys property
April 23, 2008
The Kershaw County Medical Center has purchased two tracts of land in Camden for future outpatient health care services, said CEO and president Donnie Weeks.
The hospital paid $1.09 million for the two properties — at 37 E. DeKalb St. and 1315 Roberts St., adjacent to the hospital — and closed on the land April 1.
Still, there are no immediate plans for the properties, Weeks said, adding the hospital will honor all leases in place with the current businesses, including the Royal Z Lanes bowling alley.
Sometime in the future, the hospital will renovate the buildings for outpatient health care services, he said.
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