587 College Park Road

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30217462
Property Subtypes: Net Leased, Office Building
Status: Pending/Contingent
Building Size (RSF): 1,381 SF
Sale Price: $239,900
Unit Price: $173.71 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Sale Terms: Cash to Seller, Purchase Money Mortgage, Other
Cap Rate: 7.3%
Last Updated: 7/16/2018

Overview / Comments

Office building converted from a residence in 2004. New roof in 2004. Upfit
to office included ADA compliant restroom, handicap ramp and additional
parking. Corporate lease in place with long term. Owner pays base year
taxes, insurance and is responsible for premises maintenance. Great
opportunity for first time commercial investor. Financial information
available with signed CA.
DIRECTIONS: Take College Park Rd. exit off of I-26 towards Crowfield.
Property is on the left side before you get to the Food Lion S/C.

Current Tenants

Tenant Business Name Edward D. Jones
Is Renting? Yes

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Taxing Authority: Berkeley County
Tax ID/APN: 242-04-01-047
Zoning: CG - General Commercial District
Property Visibility: Excellent
Year Built: 1968
Construction/Siding: Brick
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,058 63,453 151,070
Median Age: 36.62 33.46 33.11
Households: 3,018 23,034 56,274


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