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 […]
Multifamily transaction activity remained limited in the Augusta MSA during the first quarter of 2025, with only two sales recorded. However, we anticipate increased sales volume in the second half of the year, driven by a significant wave of loan maturities coming due. Current occupancy is 87.8%, approximately 250 basis points below the five-year average. […]
The Palomar Group, a full-service commercial investment sales firm, is pleased to announce the successful sale of Irmo Station, a 99,384-square-foot Kroger-anchored shopping center located at 7467 Saint Andrews Road, Irmo, SC. The buyer, a publicly traded REIT, adds this high-performing retail property to its portfolio, further highlighting the enduring appeal of grocery-anchored assets in […]