The Palomar Group is pleased to announce the successful sale of Moberly Strip Center, a 5,200-square-foot retail property located at 1625 N Morley St in Moberly, Missouri. The property was sold by CusCo to a private buyer. Built in 2001, the shopping center is 100% leased, highlighted by a recently executed five-year lease with AT&T;. […]
The Palomar Group is pleased to announce the successful sale of Lake Murray Center, a 39,218-square-foot Planet Fitness–anchored retail center located at 760 US-378 W in Lexington, South Carolina. The property was sold by a publicly traded REIT to a regional investor. The center is 100% occupied and anchored by Planet Fitness, which recently signed […]
The Palomar Group is pleased to announce the sale of Arcadia Lakes, a 36,884-square-foot value-add retail center located at 6432 Two Notch Road in Columbia, South Carolina. Built in 1986, Arcadia Lakes was 75% occupied at the time of sale, with below-market rents presenting significant upside potential for the buyer. The property was acquired by […]
The Palomar Group is pleased to announce the successful sale of the Advance Auto Parts located at 937 Folly Road in Charleston, SC. The property, featuring a short-term lease with no renewal options and below-market rent, was sold by a private seller to a private buyer for $1,500,000. This transaction marks an exciting milestone as […]
The Palomar Group is pleased to announce the successful sale of a 9,026 SF Dollar General located at 5520 Hwy 187 in Anderson, SC. Built in 2015, the property traded for $900,000 at an 8% cap rate. The single-tenant asset features an absolute NNN lease with five years remaining. The property was sold by a […]
The Palomar Group is pleased to announce the sale of Professional Village, a 33,325-square-foot office property located at 119 Davis Road in Augusta, GA. The property, built in 1976 and 95% occupied at the time of sale, traded for $3,300,000 on August 11, 2025. The buyer was a 1031 exchange investor, while the seller was […]
The Palomar Group is pleased to announce the successful sale of Monfort Heights, a single-tenant Kroger ground lease located at 3491 North Bend Road in Cincinnati, Ohio. The property traded hands between two publicly traded REITs for a purchase price of $8,030,000. This transaction highlights the continued strength of the grocery-anchored retail sector, which remains […]
The Palomar Group is pleased to announce the successful sale of North Park Marketplace, a 46,647-square-foot Walmart shadow-anchored retail center located at 524 W New Circle Road in Lexington, KY. Built in 2000 and currently 96% occupied, the property is anchored by Ross and features a strong lineup of national tenants, offering stable in-place income […]
With only about 313 units under construction, the lowest in over a decade, Augusta’s 10.1% vacancy rate is expected to decline gradually. The market’s inventory has expanded by over 20% since 2020, including 1,100 new units in the past year. While this supply slowed rent growth through 2023, annual rent growth rebounded to 3.7% by […]
The Palomar Group is pleased to announce the successful sale of Summerville Campus Apartments, a fully occupied multifamily property located at 2476 McDowell Street in Augusta, GA. The asset traded for $4,400,000, representing a compelling light value-add opportunity in one of Augusta’s strongest residential submarkets. With 100% occupancy and well-maintained amenities, Summerville Campus Apartments attracted […]