Posts by HB Springs
1425 Enterprise Avenue – SOLD
Located in the highly sought-after Seaboard Industrial Park and situated directly in the cross-hair intersection of US 17 Bypass & US Highway 501, this property sits in the most established business sector in the greater Myrtle Beach area. The property’s location, its ability to serve the tourism and permanent population base, combined with its rental…
Read MoreDollar General Asset Bundle
An asset bundle consisting of three Dollar General locations situated in Green Sea, Longs and Effingham, SC have been brokered by H.B. Springs Co. Commercial Real Estate. Each location features a 9,100 sf retail building with varying long-term leases in place. Dollar General bears a Baa2 credit rating per Moody’s Investors Service. Credit…
Read MoreFirst Time Commercial Real Estate Purchaser
Getting your toes wet for the first time in the world of commercial real estate can be nerve-wracking and intimidating. Before you make that big decision, make sure you cover all the groundwork of finding the right property. By covering all the bases, you will be more confident in yourself and your ability to make…
Read MoreEl Bethel Road – December 2017
Representing the purchaser, H.B. Springs Co. Real Estate closed on the sale a 34.00 acre parcel suitable for residential community development. Situated on El Bethel Rd between US Highway 501 and SC Highway 378, the company performed site acquisition and due diligence functions to include re-zoning, preliminary engineering, market study evaluation and preliminary entitlement…
Read MoreCAP RATES
Among the many means of evaluating return on investment, Cap Rates are based on income generated by the investment. Net operating income (NOI) are those funds remaining after the receipt of all income less all operating expenses associated with the asset, before the servicing of debt. NOI is then divided by the market value or sales price…
Read MoreAnalyze Return on Investment for Commercial Real Estate
A good question many new Myrtle Beach commercial real estate investors ask is “what is a good expected rate of return?” The answer really depends on several factors, including market diversity, market saturation, the location or geography of the investment property, and market conditions in Myrtle Beach, which obviously fluctuate. All these factors should be considered…
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