65 Gadsden Street

Office for Sale
Sale Pending
Catylist Listing ID: 30479667
Property Subtypes: Governmental, Institutional, Medical, Office Building, Other
Status: Pending
Building Size (RSF): 9,734 SF
Gross Building Area: See Agent
Sale Price: $3,225,000
Unit Price: $331.31 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2022

Overview / Comments

This net leased investment opportunity is a handsome and finely appointed office property in Downtown Charleston near the Medical University of South Carolina. This office building features a variety of private offices, conference and meeting areas and open collaboration space. It has secure keyless FOB entry, modern LED lighting, generous break areas with stainless steel appliances and deluxe restrooms. Glass panels and glass interior doors allow natural light to permeate the open, core areas.

With its location a block from Medical University of South Carolina and just off of the major corridor of Calhoun Street, it is ideal for professional services, law or accounting firm, tech, medical office or a company that can benefit from proximity to medical community and hospitals. Asking price is for 65 Gadsden Street (457-02-04-004) and the contiguous vacant parcel on Barre Street (457-02-04-059). The two parcels combined are approximately a half-acre and provide 47 parking spaces. If all parking spaces are not used, they can be leased for additional income.

The current Tenant signed a new 5-year NNN lease in the summer of 2021. Contact Listing Broker for details or to schedule a tour of the property.

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Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 457-02-04-004
Year Built: 1978

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,121 60,937 135,328
Median Age: 25.53 34.26 36.4
Households: 7,747 25,839 56,630
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