ILA Local 1422
Office
for Sale
Also listed as Hospitality, Retail-Commercial
| Catylist Listing ID: |
30217474 |
| Property Subtypes: |
Mixed Use, Office Building
|
| Building Size (RSF): |
31,640 SF
|
| Gross Land Area: |
4.45 Acres
|
| Sale Price: |
$25,000,000 |
| Unit Price: |
$790.14 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Building Name: |
ILA Local 1422 |
| Class of Space: |
Class A |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/22/2019 |
Overview / Comments
|
Property consists of 4.449 acres improved with a two story 31,640 sq.ft. Union Hall, Community Hall & Office building. Facility is owned and occupied by International Longshoremen Association Local 1422. The I.L.A. is looking to relocate its' headquarters to a more central location for its' members and is therefore looking to sell their existing facility.
|
Additional Details
| Nearest MSA: |
Charleston-North Charleston |
| County: |
Charleston |
| Submarket/Township: |
52 - Peninsula Chas. outside of crosstown |
| Tax ID/APN: |
461-09-01-007 & 008 |
| Zoning: |
OTHER |
| Property Visibility: |
Excellent |
| Highway Access: |
Easy access to I-26, I-526 and US Hwy. 17 |
| Site Description: |
Site improvements include an asphalt paved parking lot which has pole mounted lights with curb and gutter. There are 192 marked parking spaces with sidewalks around the building. There is a mixture of stained concrete and tabby finished concrete paving around the building. The remainder of the site is landscaped with a sprinkler system. |
| Area Description: |
The facility is located just north of the Central Business District of the City of Charleston. This area has seen a great deal of new development and redevelopment in the last several years. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Year Built: |
2002 |
| Construction/Siding: |
Steel Frame |
| Exterior Description: |
Building is a mixture of concrete block and steel frame |
| Parking Type: |
Surface |
| Parking Description: |
There are 192 marked parking spaces. |
| Total Parking Spaces: |
192 |
| Passenger Elevators: |
1 |
| Sprinklers: |
Other |
| Interior Description: |
Building contains a one-story area of 24,640 S.F. that includes rooms used as a union hall and a community hall with high ceiling heights. These are connected by a one story portion including a gym, kitchen and lounge. The building also includes a two story portion of 7,000 S.F. with offices on both floors. The second floor can be accessed by two stairwells and a 2500 pound capacity elevator. The building is sprinkled and there is a covered patio at the rear of the building. |
| Zoning Description: |
UP - Upper Peninsula District (City of Charleston) |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,720 |
60,474 |
137,897 |
| Median Age: |
36 |
34.01 |
35.91 |
| Households: |
4,193 |
24,911 |
57,342 |
|
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