216 Seven Farms Drive | Daniel Island Investment Sale

Office for Sale
Catylist Listing ID: 30774590
Property Subtypes: Office Building
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.73 Acres
Sale Price: $4,250,000
Unit Price: $354.17 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Undisclosed
Cap Rate: 6.6%
Last Updated: 11/19/2021

Overview / Comments

216 Seven Farms Drive is a fully leased, single tenant office building located in the heart of Daniel Island. Property was fully renovated in 2019 and improvements to the building include new interiors, windows and HVAC. HITT Contracting has long-term lease in place through 2029 with two options to extend. Average NOI during the primary term is $280,000. Call agent for further details.

Current Tenants

Tenant Business Name HITT Contracting
Website URL https://hitt.com
Industry Type Construction
Is Renting? Yes
SF of Space Occupied 12,000 SF
Escalations 2.5% Annual Escalations
Options Two (2), Five (5) Year Options

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 77 - Daniel Island
Tax ID/APN: 275-00-00-128
Zoning: OTHER
Property Located Between: River Landing Drive & 526
Property Visibility: Excellent
Number of Stories: 2
Typical SF / Floor: 6,000 SF
Year Built: 2001
Year Renovated: 2019
Parking Type: Surface
Zoning Description: Charleston - Di-Tc https://dicommunity.org/wp-content/uploads/2016/08/DI-Zoning-Text.pdf
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,654 99,689
Median Age: 37.96 36.56
Households: 6,124 40,679
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