Unique opportunity to own a one of a kind, full service, Class A office building on Sullivan’s Island. Beautifully designed, maintained and operated multi-tenant property that cannot easily be replicated, if at all, due to current zoning laws and building codes. Property has been operating since May, 2009. The building is +/- 6,600 SF comprising the ground floor suite plus up to 24 additional suites on floors 2 & 3, two reception areas, 2 meeting rooms and one conference room. Each floor has it’s own electric meter. There are 22 unreserved parking spaces, golf cart parking, bike rack, beautiful 9 foot wide Ipe hard wood porches and an elevator. Spaces are leased on a full service basis including the following amenities: Furniture, phone, fax, redundant internet, 24/7 access, all domestic phone calls, conference room use and parking. The only extras are international long distance and printing, but tenants can use their own printer. Some offices have 12' ceilings and every office has at lease one window. Please contact Loren directly for more information. Broker is part of ownership. PLEASE DO NOT GO ON PROPERTY OR TALK TO TENANTS WITHOUT BROKER BEING PRESENT.
| Area | Sullivan's Island |
| City Name | Sullivans Island |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29482 |
| Date Modified | 2018-12-17T09:17:01 |
| Property Status | Existing |
| Status | Active |
| Title | 2113 Middle Street |
Listed by: East Rock Properties, LLC | 843-270-6000
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.
