This listing includes the building and parking lot at 57 Hasell Street TMS Number 458-05-01-057 - land area of 0.37 acre and the vacant contiguous lot at 6 Maiden Lane TMS Number 458-05-01-148 - land area of 0.08 acre. The total land area is 0.45 acre. The building was built in 1965 and appears to have no significant historical value. The building is a one story concrete block building with a brick façade in Hasell St. A tenant leases approx. 4,245 SF in the 6,700 SF building at $6,537.83 in rent and $1,366.04 in CAM rent for a total of $7,903.87 per month. The tenant pays 71 of the monthly power bills. Tenant has use of 8 parking spaces and 8 double park parking spaces for a total of 16 spaces at no additional cost. Seller may terminate the lease with 120 days notice in the event of a sale of the property. That lease will expire on 5/31/18. The tenant may vacate early for a building buyer. The combined site has frontage and access to both Hasell Street and Maiden Lane. This is a great redevelopment site while being used for monthly parking in the shorter term.
| Acres | 0.45 |
| Area | Peninsula Charleston Inside of Crosstown |
| City Name | Charleston |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29401 |
| Square Feet | 6740 SF |
| Date Modified | 2018-05-15T10:01:33 |
| Property Status | Existing |
| Status | Pending/Contingent |
| Title | 57 Hasell Street |
Listed by: CBRE, Inc | 843-577-0702
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.
