$4 Million Property AT Azalea Square Purchased For Redevelopment

CHARLESTON, SC – NAI Charleston is pleased to announce that veteran broker Will Sherrod, CCIM recently facilitated the sale of ±1.3 acres of land and a ±5,200 SF former restaurant building at the corner of N. Main Street and Azalea Square Blvd. The property was previously the Mellow Mushroom situated at the main entrance to the Azalea Square shopping center. It will be completely redeveloped by the buyer, Woodhaven Development Group, LLC.

Will Sherrod represented the seller, Flour-Town Holdings, LLC, and Micah Groeber with Atlantic Retail represented the buyer. The property sold for $4,006,250.

“I am very happy to have been able to assist in the disposition of this asset for the owners,” said Sherrod. “The real estate along the North Main Street corridor in Summerville continues to show significant value and demonstrates the demand for well-positioned retail assets in the market.”

For more information, contact Will Sherrod, CCIM at +1 (843) 364 3796 or wsherrod@naicharleston.com.

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. http://www.naicharleston.com

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