1101 Landfall Way

Office for Sale
Catylist Listing ID: 30365042
Property Subtypes: Executive Suites, High-Tech, Medical, Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 5,945 SF
Gross Building Area: See Agent
Sale Price: $1,999,000
Unit Price: $336.25 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Lowcounty Executive Center
Class of Space: Class A
Sale Terms: Undisclosed
Cap Rate: 8.0%
Last Updated: 11/29/2019

Overview / Comments

1101 Landfall Way is a recently renovated Class- A office building located on Seabrook Island. With all leases ending within a calendar year, this building presents itself as an owner/ operator opportunity, or as a sound investment property. (Current projections suggest an 8- Cap.) With the price to build a similar property nearing $500 PSF, the current offering price of $320 PSF boasts obvious value.

1101 Landfall Way sits on .74 acres and overlooks panoramic marsh views of Bohicket Creek. The property has 24 total parking places including 4 covered spots, 1 handicapped spot and a larger spot for an RV complete with electrical hook-ups. (Parking ratio of 4 spaces per 1,000 SF.)

The property shall be sold furnished complete with high- end, nearly new desks, chairs, projectors, LCD TV's conference phones, secure wireless internet and 9 real- time hi-def security cameras. The building also has an elevator with both electrical and hydraulic components, hurricane shutters on all windows and a nearly 300 SF back porch overlooking the marsh.

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Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Tax ID/APN: 1490100084
Zoning: OTHER
Property Visibility: Good
Airports: (JZI) 10 Miles from Charleston Executive Airport
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2003
Year Renovated: 2017
Parking Ratio: 4 (per 1000 SF)
Parking Type: Structure, Surface
Total Parking Spaces: 24
Zoning Description: Zoned 'Commercial' per Seabrook Island.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 933 2,073 5,391
Median Age: 64.9 64.78 54.88
Households: 510 1,103 2,443

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