6-8 Gillon Street is a great looking two story office/residential building that has been renovated in the heart of the historic district. It is just off the corner of East Bay Street and Broad Street behind the Old Exchange Building. The building has a new roof and the exterior was painted in 2017. The building contains two office suites in the first floor, four office suites on the second floor and one bedroom apartment on the second floor. The apartment is fully furnished. All of the office suites are leased but two are month to month so the new owner could occupy the office space and live in the apartment. The building is approx. 4,856 SF and sits on 0.06 acre. These numbers were pulled from the tax records. Flood Zones is AE 14. A city owned metered parking lot is directly in front of the building. The apartment is very nice and the offices have been renovated. The property is zoned Limited Business. The building stays leased due to its location and the need for small office suites downtown.
| Acres | 0.06 |
| Area | Peninsula Charleston Inside of Crosstown |
| City Name | Charleston |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29401 |
| Square Feet | 4856 SF |
| Date Modified | 2018-09-27T07:13:21 |
| Property Status | Existing |
| Status | Active |
| Title | 6 - 8 Gillon Street |
| Zoning | LB |
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.
