KW Commercial is pleased to present a rare opportunity to purchase a premiere office condominium (suite 200) in Mount Pleasant. The entire second floor space, suite 200, is currently leased to Keller Williams Realty (“Tenant”). The Tenant has only ~2.4 years remaining on the base term, an existing lease rate that is well below $32 per SF/Annual/Gross, and no remaining options to new. As such, an investor can implement several value-add strategies. The opportunity is competitively priced at $247 per square foot. The property sits across from Belle Hall Shopping Center and at the junction of I-526 and Long Point Rd which see ~50,000 and ~23,000 daily traffic counts.
| Acres | 1.42 |
| Area | Mt Pleasant South of IOP Connector |
| City Name | Mount Pleasant |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29464 |
| Square Feet | 21000 SF |
| Date Modified | 2018-07-17T12:25:32 |
| Property Status | Existing |
| Status | Pending/Contingent |
| Title | Mt Pleasant Office Condo |
Listed by: Keller Williams Realty Charleston | 843-416-2000
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.
