Income Producing Flex Building for Sale

Office for Sale
Catylist Listing ID: 30298575
Property Subtypes: Business Park, Governmental, High-Tech, Institutional, Flex Space, Office Building, Research & Development
Building Size (RSF): 19,819 SF
Sale Price: $2,175,000
Unit Price: $109.74 PSF
Ceiling: 14 ft.
Property Use Type: Investment, Business
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/17/2019

Overview / Comments

Multi-tenant flex building partially leased with upside. Nearly 2.0 acres of land situated within a light industrial park. Close proximity to SPAWAR, North Charleston SPA terminal and East Montague district. Plenty of parking, with approximately 77 spaces around the building, partially renovated suites with new HVAC, flexible leasing options for existing and proposed tenants, market rate leases with annual increases, excellent 1031 solution for investment CRE.

DIRECTIONS: From I-526E Take the N. Rhett Avenue Exit 19. Turn Left onto N. Rhett Avenue. Turn Left onto Bankton Drive. End at 1007 Bankton Circle.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 71 - Hanahan Area
Taxing Authority: City of Hanahan
Tax ID/APN: 266-09-00-022
Zoning: LI - Light Industrial District
Property Visibility: Good
Highway Access: Easily accessed to I-526
Area Description: Close proximity to the ports, I-26, I-526, Air Force Base, Boeing and Naval Weapon Station. Industrial/Defense area.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1980
Year Renovated: 2016
Construction/Siding: Granite
Parking Type: Surface
Sprinklers: Wet
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,346 37,921 110,212
Median Age: 34.07 33.19 32.46
Households: 3,062 14,773 42,083


Photograph of Listing Agent

Thomas M Boulware

NAI Charleston, LLC SCCMLS Member
Photograph of Listing Agent

Dexter C Rumsey, IV

NAI Charleston, LLC SCCMLS Member
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