1800 Reynolds Ave,North Charleston, SC

1800 Reynolds AveNorth Charleston, SC

LEED Certified 25,676 SF structure situated on TMS# 469-12-00-392 and 469-12-00-036. Original building was completed in 1942. Owners purchased in 2007, demolished a section and rehabbed the building (including asbestos removal). The project was completed in 2008, included the addition of a 3,750 SF materials lab metal building. The lab is heated and cooled. The lab has direct access to the office building. Acreage: TMS# 469-12-00-392 1.17 Acres TMS# 469-12-00-036 1.16 Acres TMS# 469-12-00-393 1.59 Acres, Adjacent Parcel. Approximately 0.09 acres of -393 was recently sold, which reduced the parcel to approximately 1.68 acres. Parcel -393 is not encumbered by the lease and has potential for development for additional income or sold as a adjacent parcel. Building: LEED Certified, 3 story, elevator served Poured concrete slab, cast in place concrete frame, concrete exterior Fixed casement windows Flat rubber membrane roof Floor covering- Concrete, carpet Walls- concrete/wood Ceilings- exposed concrete beams and dropped ceilings Lighting- fluorescent and incandescent Over 75 of workstations receive 25 foot-candles of natural light 4 restrooms Carpet contains 50 pre-consumer recycled content and is low emitting material. Internal office wood door material is 66 pre-consumer recycled content. Content was extracted, processed and manufactured within 500 miles. Internal ceiling tiles contain 74 pre-consumer recycled content. The steel ceiling grid in internal offices contains 25 pre-consumer recycled content. The aluminum framing used to construct internal office interior walls contains 20 pre-consumer recycled content. Mechanical Systems: Heating and Cooling- geothermal system Open-loop geothermal heat pump system. Two 320 ft wells were installed outside the building. Ground water is used as either heat or cooling source, and after use is returned back to the aquifer. Each heat pump has an Energy Efficiency Ratio (EER) of 16. Sprinkler-water Utilities: City water/sewer, SCE&G electric Parking: Off street, 70+ spaces, 2.7/1,000 SF Parking area material is a slag waste byproduct. Prior to installation, previous impervious asphalt and concrete materials were removed from site’s parking areas.

Info

AreaNorth Charleston Inside I-526
City NameNorth Charleston
CountyCharleston
StateSC
Property TypeOffice
Postal Code29405
Date Modified 2018-02-07T13:51:35
Property StatusExisting
Status Pending/Contingent
Title 1800 Reynolds Avenue
Zoning PD
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Listed by: RE/MAX Alliance | 843-352-7943

Our ProcessStep By Step

SiteIdentification

Our investment team does ongoing market research and site analysis to determine the best locations geared towards our investment strategy.

SiteInspections

We perform site inspections and consult with general contractors and architects to identify property improvement opportunities and cost estimates.

PropertyAnalysis

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.

TheUnderwriting

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.