Rare Investment Opportunity in Mt. Pleasant

Office for Sale
Sale Pending
Catylist Listing ID: 30729079
Property Subtypes: Coworking, Medical, Office Building
Status: Pending
Building Size (RSF): 40,000 SF
Sale Price: $11,500,000
Unit Price: $287.50 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: The Bowman Center
Class of Space: Class A
Usable Size (USF): 40,000 SF
Sale Terms: Cash to Seller
Cap Rate: 6.39%
Last Updated: 8/17/2021

Overview / Comments

Landmark Enterprises is pleased to present this rare investment opportunity to own one of the most prominent office/medical buildings in Mt. Pleasant, SC. Located at the foot of I-526, The Bowman Center offers Mt. Pleasant’s most central location. Just off Highway 17, this two story office/medical building is just ten minutes to the Charleston peninsula and twenty minutes to the airport. Parking ratio consisting of nearly 5 per 1,000sf. The immediate nearby amenities including banking, dining and shopping. Extremely well built with nice interior finishes and excellent signage opportunities. Great combination of exterior entrances and efficient core factor.

The Bowman Center offers investors a rare opportunity in the Mt. Pleasant market to purchase a stable cash flowing asset with substantial upside potential. There is potential for an owner-occupant to occupy a portion of the building. All tours of the premises must be accompanied by listing agent. Upon execution of an NDA all relevant information will be made available.

Attachments & Media

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 42 - Mt.Pleasant South of IOP Connector
Tax ID/APN: 535-12-00-015
Property Visibility: Excellent
Year Built: 2001
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,431 43,889 78,905
Median Age: 37.23 40.63 39.96
Households: 2,609 19,361 33,362
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