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

Contact

Photograph of Listing Agent

Charles S Carmody

CBRE, Inc SCCMLS Member
Photograph of Listing Agent

Alicia Leland

CBRE, Inc SCCMLS Member
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither South Carolina Statewide Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.