LBX Investments

Oakbrook Station


Status: Active (Acquired on 8/23/2019)

Oakbrook Photo.jpg
Oakbrook Site Plan.jpg


Oakbrook Station is a partially renovated Class A/B, 138,166 square foot grocery-anchored shopping center in Summerville, SC

Key Attributes:
  • High quality supermarket anchor in newly developed store with 18 years of remaining lease term
  • Well-located, highly visible real estate with high traffic counts
  • Significant upside embedded in current leases, including the US Post Office, whose rent equates to ~$1.75/SF net, far below current market rents of $16-25/SF

  • Status:
  • Targeted Holding Period: 5 Years
  • Total Required Equity: ~$6,115,000
  • Targeted Annual Avg. Cash-on-Cash Returns to LPs: 9.3%
  • Projected IRR to LPs: 16.7%
  • Target Equity Multiple: 1.94x
  • Status: Active