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.

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

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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
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