8.33 CAP Investment for Under $1 Million

Office for Sale
Catylist Listing ID: 29893105
Property Subtypes: Business Park, Net Leased, Office Building
Condo? Yes
Building Size (RSF): 6,824 SF
Sale Price: $921,240
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: Daniel Island Marina Office Complex
Class of Space: Class B
Sale Terms: Cash to Seller, Other
Cap Rate: 8.33%
Last Updated: 11/11/2018

Overview / Comments

Updated. This is an investment portfolio consisting of 5 units. Potential Rental Income Fully Occupied is an 8.33% CAP RATE. Keep Existing Management or replace with your own. Call now for tours and further information. A detailed rent roll, pro forma and floor plans are available upon request.

A phenomenal location in close proximity to 526 Clements Ferry and Highway 41, makes this a portfolio that leases well and is well run by local management. The tenants are seasoned and many have multiple options to renew. ERSI area demographics segment "High Society" and "Upscale Avenues" as abundant in this area. The Marina allows pedestrian use of the boardwalks, seating areas and cafe for lunch or breaks away from the office. Please do not approach Tenants or property without an appointment.

DIRECTIONS: Follow I-526 E to Clements Ferry Rd/State Rd S-8-33 in Charleston. Take exit 23B from I-526 E. Continue on Clements Ferry Rd/State Rd S-8-33. Drive to Marina Dr. Look for Building Address once in Parking Lot.

LEASE INFO: See Documents Section.

TENANT INFO: VARIOUS TENANTS. ALL TENANT INFORMATION WILL BE DISCLOSED.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 78 - Wando/Cainhoy Area
Tax ID/APN: 271-10-01-004
Is Condo?: Yes
Zoning: GC - General Commercial District
Highway Access: Close to I-526. DIRECTIONS: Follow I-526 E to Clements Ferry Rd/State Rd S-8-33 in Charleston. Take exit 23B from I-526 E. Continue on Clements Ferry Rd/State Rd S-8-33. Drive to Marina Dr. Look for Building Address once in Parking Lot.
Airports: CHS
Site Description: FLAT.
Area Description: Close proximity to I-526 at Clements Ferry Road.
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 2004
Parking Type: Structure
Parking Description: Shared.
Sprinklers: None
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 16,541 74,741
Median Age: 34.06 36.06
Households: 6,640 29,016

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