Three Unit Income Producing Investment on Daniel Island

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30757052
Property Subtypes: Mixed Use
Status: Pending/Contingent
Building Size (RSF): 3,104 SF
Gross Building Area: See Agent
Sale Price: $1,150,000
Unit Price: $370.49 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller, Other
Cap Rate: 6.5%
Last Updated: 9/3/2021

Overview / Comments

Investment opportunity on Daniel Island! The property is a total of 3,104 SF consisting of three individual condo units of 852 SF, 852 SF, and 1,400 SF. All three units are currently 100% occupied. The entire frontage of the property has direct visibility onto Seven Farms Drive along with three front doors each accessing one of the condos. All three units are part of the 254 Seven Farms Homeowners Association. POA fees are available upon request. NOI is $75,738.00.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 77 - Daniel Island
Tax ID/APN: 275-12-03-001, 002, 003
Zoning: OTHER
Property Visibility: Excellent
Highway Access: From Mt. Pleasant/Hwy 17 take I-526 to Daniel Island Exit 24. After second light, the property is on your right. From I-26/N.Charleston, take I-526 to Daniel Island Exit 24. At the second light, make a right onto Seven Farms Drive, the property is on your right.
Area Description: Daniel Island is an upscale mixed use development featuring 6,500 residential units and 2.5M square feet of commercial space when the development is complete. The property is located on Seven Farms Drive, close to the River Landing Drive intersection, and is fully visible from Seven Farms Drive. Daniel Island is centrally located to most of Charleston by way of I-526.
Year Built: 2005
Parking Type: Surface
Part of Planned Development?: Yes

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 16,607 98,310
Median Age: 38.29 35.89
Households: 6,605 39,585
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