Perfect for 1031 exchange. Tenant in place. As a giant financial bonus this building is a headache-free property as the current tenant maintains all upkeep and repairs! Tenant takes care of all upkeep, taxes, and insurance etc. All owner needs to do is collect the check from the tenant who holds the master lease with about 6-7 years left on it. This is a perfect no headache property to add to your portfolio. 16,000 square foot building that is in great condition on a major road and in a booming area. Perfect for 1031 exchange. Great current rental income with tenant in place and lots of future higher income potential. Don't miss this trifecta opportunity for a great building, great income, and in a high demand and growing area. Current Tenant: One tenant currently in place (Charleston Executive Offices) with a master lease that operates the entire premises. Current lessee''s company individually offers different size offices, suites, conference rooms, and other like amenities to individual occupants that range in a multitude of professional industries from law firms to accountant offices. About 7 years left on the master triple net lease (ends March 2025). Master tenant pays for insurance, taxes, maintenance, and repairs. 55 total offices. Reception area, meeting room, conference rooms, mail room, eight restrooms, copy area. 58 total paved parking spaces. Current net income per year is $156,000 from master lease. This property has a much higher future income potential. Great area and lots of prime road frontage on a very busy Rivers Ave.
| Acres | 0.93 |
| Area | North Charleston/Summerville Outside I-526 |
| City Name | North Charleston |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29406 |
| Date Modified | 2019-02-20T16:48:16 |
| Property Status | Existing |
| Status | Active |
| Title | Prime Location! Perfect for 1031. On major roadway - tenant in place. |
Listed by: Brand Name Real Estate | 843-532-9133
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.
