An 8099 SF section of the Parkwood Center on Savannah Highway in Charleston. This section is a stand alone building as the entire complex is constructed in three separate sections. The parking areas are used in common and the subject consists of 5/13ths of the entire development. The predominant use over the years has been medical and medically related uses. Continuing occupants are St. Andrews Family Practice, and LowCountry Eye Care. Office suites of 3300 SF and 2000 SF are available for lease. The property has a strong rental history. Several of the units have recently been renovated and modernized. The two rear units are in need of some renovation as leases expire. Financials and rent roll available with confidentiality agreement. Stated CAP rate is not applicable. Price as listed is the fair market value a determined by the Charleston County Assessor's Office as indicated in the public records. The property, in conjunction with the remaining parcels of the project, offer a strong redevelopment potential in the future. (details provided upon request)
Acres | 0.86 |
Area | West of the Ashley Inside I-526 to Ashley River |
City Name | Charleston |
County | Charleston |
State | SC |
Property Type | Office |
Postal Code | 29407 |
Square Feet | 8099 SF |
Date Modified | 2018-11-23T19:40:18 |
Property Status | Existing |
Status | Active |
Title | Parkwood Professional |
Zoning | GB |
Listed by: J. Hassell & Assoc | 843-224-1239
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.