57 Hasell Street

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30106565
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 6,740 SF
Gross Land Area: 0.45 Acres
Sale Price: $3,950,000
Unit Price: $586.05 PSF
Property Use Type: Investment
Building Name: 57 Hasell Street
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/18/2018

Overview / Comments

This listing includes the building and parking lot at 57 Hasell Street TMS Number 458-05-01-057 - land area of 0.37 acre and the vacant contiguous lot at 6 Maiden Lane TMS Number 458-05-01-148 - land area of 0.08 acre. The total land area is 0.45 acre. The building was built in 1965 and appears to have no significant historical value. The building is a one story concrete block building with a brick fa├žade in Hasell St. A tenant leases approx. 4,245 SF in the 6,700 SF building at $6,537.83 in rent and $1,366.04 in CAM rent for a total of $7,903.87 per month. The tenant pays 71% of the monthly power bills. Tenant has use of 8 parking spaces and 8 double park parking spaces for a total of 16 spaces at no additional cost. Seller may terminate the lease with 120 days notice in the event of a sale of the property. That lease will expire on 5/31/18. The tenant may vacate early for a building buyer. The combined site has frontage and access to both Hasell Street and Maiden Lane. This is a great redevelopment site while being used for monthly parking in the shorter term.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Taxing Authority: City of Charleston
Tax ID/APN: 458-05-01-057
Year Built: 1965

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,645 59,407 134,266
Median Age: 28.91 34.5 36.68
Households: 6,730 24,857 57,026


Photograph of Listing Agent

Charles S Carmody

Photograph of Listing Agent

Alicia Leland

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