Catylist ID:
#30708397
6.9% CAP | OFFICE INVESTMENT OPPORTUNITY
Office
for Sale
Sale Pending
| Catylist Listing ID: | 30708397 |
| Property Subtypes: | Office Building |
| Status: | Pending |
| Building Size (RSF): | 27,500 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $9,200,000 |
| Unit Price: | $334.55 PSF |
| Property Use Type: | Investment |
| Class of Space: | Class A |
| Sale Terms: | Other |
| Cap Rate: | 6.9% |
| Last Updated: | 10/18/2021 |
Overview / Comments
|
Lee & Associates Charleston is pleased to offer for sale 525 East Bay Street (“the Property”). The Property is located in the heart of the Downtown Charleston peninsula and is comprised of 27,500 sq. ft. with incredible visibility at the corner of East Bay Street and Chapel Street. This opportunity is being offered as a stabilized investment office sale. This investment offering is a terrific opportunity to own a marquee office building in the Charleston office market, one of the most desirable locales in the nation. Due to its affordability, high quality of life, and strong business sentiment, Charleston has attracted leading national and international companies over the course of the past decade. Within its boundaries are many flagship properties and developments which would be standout offices in any area of the country. 525 East Bay is one of those properties. With an unbeatable location, attractive aesthetics, an adundance of parking, and stabilized tenancy comprised of world-class companies, this is a rare opportunity to own property in Charleston’s growing office market. |
Attachments & Media
Additional Details
| Nearest MSA: | Charleston-North Charleston |
| County: | Charleston |
| Submarket/Township: | 51 - Peninsula Chas. inside of crosstown |
| Tax ID/APN: | 459-13-02-015 |
| Property Visibility: | Excellent |
| Area Description: | Located in Historic Downtown Charleston in close proximity to Shopping, Banks, and Restaurants. |
| Total Number of Buildings: | 1 |
| Year Built: | 2004 |
| Total Parking Spaces: | 121 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 16,256 | 57,834 | 135,206 |
| Median Age: | 27.08 | 34.51 | 36.62 |
| Households: | 6,337 | 23,981 | 57,279 |
Contact
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