4210 Azalea Drive

Office for Sale
Catylist Listing ID: 30298875
Property Subtypes: Net Leased, Office Building
Building Size (RSF): 12,375 SF
Gross Land Area: 1.97 Acres
Sale Price: $3,100,000
Unit Price: $250.51 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: 4210 Azalea
Class of Space: Class A
Sale Terms: Sale/Leaseback
Cap Rate: 7.75%
Average Occupancy Rate: 100
Last Updated: 2/19/2019

Overview / Comments

Bridge Commercial is pleased to present the opportunity to acquire 4210 Azalea Drive - A prominent Charleston corporate headquarters. The property has been owned and occupied as the primary offices of one of the largest companies in the area, William M. Bird. The company will remain in the facility and lease, thereby providing a secure cash flow to a new owner. The Charleston region is experiencing explosive growth. A Buyer will be comfortable knowing they are investing in a submarket realizing strong appreciation. The site borders downtown peninsula Charleston and is thus transitioning from an industrial/office uses to more commercial and retail. The facility is immediately accessible located alongside Interstate 26, the primary gateway to Charleston.

Current Tenants

Tenant Business Name William M. Bird

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 31 - N.Charleston Area inside I-526
Tax ID/APN: 4111300011
Zoning: LI - Light Industrial District
Year Built: 1986
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Brick
Parking Ratio: 5.4 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 67

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,583 60,617 157,479
Median Age: 33.97 36.08 34.24
Households: 2,498 25,117 64,777
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