Chicora Garden Office Enclave is located in The Navy Yard at Noisette in North Charleston. The property is a unique, freestanding office building with views overlooking the Cooper River and Riverfront Park. Also, in close proximity is North Charleston’s Park Circle. 1061 Everglades Drive is convenient to I-26, I-526, Charleston International Airport, New Port Terminal and the Tanger Outlets. The property is currently leased to an international company. -Less than 3 years remaining on the current Lease -$7,500 per month, NNN -Renovation of the HVAC, plumbing and Electrical systems were done in 2010 when owners moved in to the building. -Roof replaced in January 2015 -Exterior painting done in July 2016 -Tenant is Parsons Brinckerhoff, Inc.
| Area | North Charleston Inside I-526 |
| City Name | North Charleston |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29405 |
| Date Modified | 2018-02-08T11:55:01 |
| Property Status | Existing |
| Status | Active |
| Title | 1061 Everglades Drive |
| Zoning | PD |
Listed by: Lee & Associates - Charleston | 843-747-1200
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.
