NOI: $706,311.00 Signed CA required to view financials. (CA attached) 146 Fairchild Street is a multi-tenant Class A office building consisting of 67,744 rentable square feet located on Daniel Island in Charleston, South Carolina. The building is a two story office building constructed in 1995 with a brick and stucco veneer. There are over 275 onsite parking places which equates to a parking ratio of approximately 4 spaces per 1,000 rentable square feet. The building is situated on a 11.6-acre parcel fronting the marshes of Beresford Creek with excellent access to Interstate-526 and a 10 minute drive to the Charleston Airport. The building is located in the Corporate Center Office park on Daniel Island that includes national tenants such as BenefitFocus, Blackbaud, and T-Mobile. A Hampton Inn hotel and Islander Restaurant are located immediately adjacent to the property. The development of Daniel Island began in the early 1990’s and it is known as “Charleston’s Island Town where people live, work, and play.” Daniel Island is developed with traditional neighborhoods, nationally ranked golf courses, and a downtown area anchored by the Volvo Car Stadium. Daniel Island is part of the City of Charleston and is located about 15 minutes from the downtown peninsula of historic Charleston.
| Acres | 11.6 |
| Area | Daniel Island |
| City Name | Charleston |
| County | Berkeley |
| State | SC |
| Property Type | Office |
| Postal Code | 29492 |
| Square Feet | 71622 SF |
| Date Modified | 2017-10-01T08:48:07 |
| Property Status | Existing |
| Status | Active |
| Title | 96 Leased Office Building - Investment Opportunity |
| Zoning | OI |
Listed by: Palmetto Commercial Prop, LLC | 843-577-2550
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.
