Exciting Redevelopment - Ten Mile on Rivers, 5841 Rivers Avenue

Office for Lease
Catylist Listing ID: 30568641
Property Subtypes: Office Building
Contiguous Space: 901 - 5,791 SF
Gross Building Area: 22,222 SF
Lease Rate: $22 - 24 PSF (Annual)
Base Monthly Rent: $10,616 - 11,582
Lease Types: NNN
Building Name: Ten Mile on Rivers Avenue
Core Factor: 17.50%
Last Updated: 11/28/2022

Overview / Comments

The former Charlestowne Academy school site is transformed. Situated on a lush, live oak-covered campus, Ten Mile on Rivers Avenue is the place for next generation businesses.

"Ten Mile Hill" is a reference to the mileage marker from Broad Street. The 5-acre property is located in the center of the region with easy, quick access to I-26 and I-526.

The 1960’s school building has undergone a major renovation including an updated facade, new roof, interior enhancements, high ceilings with light filled spaces and full MEP replacement. A new 175-space parking lot has been built while preserving 27 grand oak trees offering up to a parking ratio of 4/1000 s.f.

The building is a cool, iconic place to for various types of businesses, with excellent presence in the Rivers Avenue corridor. Floorpans offer a variety of highly flexible lease options from 901 RSF to 2,785 RSF.

Expand All Available Space

Suite: Various Suites Available - 901 s.f. up to 2,785 s.f. 5,791 SF $22 - 24 PSF (Annual) NNN
Space Available: 5,791 SF
Minimum Divisible: 901 SF
Lease Rate: $22 - 24 PSF (Annual)
$10,616 - 11,582 (Monthly)
Lease Type: NNN
Space Description: Available spaces include:
Medium Suites. Approx 901 to 1,180 s.f. $22 to $24 per s.f. NNN.
Large Suites. Approx 2,785 s.f. $24 per s.f. NNN.

$8.61/s.f. Estimated expenses include:
Utilities: electricity, water, sewer
Building and landscape repairs and maintenance
Property taxes
Building insurance
Common area janitorial services
Property management
Expenses will be reconciled annually based on actual expenses
Date Available: 1/1/2021
Space Type: New
Parking Spaces 175
Operating Expenses $8.61 PSF (Annual)

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Tax ID/APN: 4720400192
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1960
Year Renovated: 2020
Roof Type: Flat
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 175

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,325 54,841 127,680
Median Age: 32.87 32.56 32.93
Households: 3,818 20,832 48,765
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