THIS FULLY RENOVATED MULTI- BUILDING OFFERING IS LOCATED AT THE FOOT OF THE RAVENEL BRIDGE IN MOUNT PLEASANT SC. RENOVATED OFFICE BUILDING IS FULLY LEASED OFFERING STABLE INVESTMENT INCOME WITH SIGNIFICANT VALUE ADD OPPORTUNITIES. PROPERTY IS SITUATED ON 1.64 ACRES WITH FULL ACCESS FRONTAGE ON COLEMAN BLVD. LOT SIZE AND LOCATION WITHIN THE URBAN CORRIDOR ZONING OVERLAY IN ADDITION TO HAVING OFF SITE GROUND WATER DETENTION IN PLACE OFFER FUTURE HIGH DENSITY MIXED USE AND OFFICE REDEVELOPMENT OPPORTUNITIES. THIS PROPERTY IS PRICED BELOW REPLACEMENT COST AND OFFICE LEASES HAVE LANDLORD CANCELATION OPTION, OFFERING GREAT OPPORTUNITY FOR OWNER/ USER OR INVESTOR/ DEVELOPER LOOKING TO RE-TENANT BUILDING. CA REQUIRED FOR FINANCIALS, PLEASE EXECUTE CA THROUGH PROPERTY WEBPAGE LINK.
| Area | Mt Pleasant South of IOP Connector |
| City Name | Mount Pleasant |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29464 |
| Date Modified | 2018-01-10T12:02:31 |
| Property Status | Existing |
| Status | Pending/Contingent |
| Title | OFFICE BUILDING AND EVENT HALL FOR SALE |
Listed by: Birchin Lane Realty Advisors, LLC | 843-408-0858
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.
