Storehouse Row at the Navy Yard is comprised of a series of five buildings that originally served as storehouses and even housed machinist schools in the early 1900s. Several of these buildings are among the original twenty-eight buildings at the shipyard and each embodies unique characteristics that harken back to its original purpose. While Storehouses 7, 10, and 11 have been restored to mixed-use office space, Storehouses 8 and 9 are slated to undergo redevelopment in 2020. Positioned at the bank of the Cooper River and accessible by all three counties, the Navy Yard is poised to be an epicenter of growth. The Navy Yard's location between the booming ''''neck'''' of the Charleston peninsula, which continues to push north, and its position south of the growth up the I-26 corridor in Nexton and Summerville make it clear that the Navy Yard could not be more well-positioned to capitalize on growth both in geography and timing. Storehouse 8 is a two-story building featuring large windows, exposed brick, and high ceilings. The first floor can be upfitted for office or retail use with suites sub-dividable to 2,900 SF. Open mezzanine space is available in addition to the 18,000 SF first floor plate and can be customized based on tenant''s needs. The second floor is designed in a multi-tenant configuration with suite sizes ranging from 1,500 - 7,000 SF.
| City Name | North Charleston |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29405 |
| Status | Active |
| Parcel Number | 400-00-00-055 |
| Title | The Navy Yard: Storehouse 8 - Historic Office/Mixed-Use Redevelopment |
| Year Build | 1903 |
| Zoning | City of North Charleston - PDD - Planned Development District |
Listed by: Lee & Associates - Charleston
Our investment team does ongoing market research and site analysis to determine the best locations geared towards our investment strategy.
We perform site inspections and consult with general contractors and architects to identify property improvement opportunities and cost estimates.
We do extensive property analysis including underwriting property historical cash flow, three tiered income modeling, future cash flow projections and IRR and cash on cash return profitability models.
Our team underwrites the current tenants and reviews all current lease agreements to determine an appropriate credit grade of the property and identify opportunities for improvement.
