Fully Leased Long Term Investment - Zero Landlord Responsibilities
|Catylist Listing ID:
Net Leased, Office Building
|Building Size (RSF):
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|Property Use Type:
||Net Leased Investment (NNN), Investment
|Class of Space:
||Cash to Seller
Overview / Comments
A fully leased 16,000 SF freestanding office building located just 1 mile south of Trident Tech with road frontage and a pylon sign on busy Rivers Ave. There is a newly extended master lease with 10 years of term remaining with 2.5% annual increases and zero Landlord responsibilities. Tenant is responsible for all taxes, insurance, maintenance, etc. This is a perfect no headache property to add to your portfolio. Current NOI is $159,900 from master lease. This property has a much higher future income potential.
Tenant is Charleston Executive Offices holding a master lease that operates the entire premises and offers different size offices, suites, conference rooms, and other like amenities to companies and individuals that range in a multitude of professional industries from law firms to accountant offices.
||32 - N.Chas./Summerville outside I-526
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