Investment or redevelopment opportunity. Value-add. Cap Rate based on potential income. Excellent visibility and access from Ashley Phosphate Rd. Ample parking on site. Common lobby, elevator, and restrooms in good condition. Strong traffic counts of nearly 40,000 cars per day. Secondary access to the site from the lighted intersection of Brandywine Rd. / Cross County and Ashley Phosphate. Palmetto Park is a mixed use office / warehouse property with office space available for lease. Located on a very busy stretch of Ashley Phosphate Rd., between the Palmetto Commerce Pkwy. and Cross County Rd. intersections. Easy access to and from I-26 and Dorchester Rd. Plans call for Palmetto Commerce Pkwy. to be extended south from Ashley Phosphate to connect with Aviation Ave. and provide direct access to Boeing, International Blvd. and the Charleston International Airport.
| Acres | 4.68 |
| Area | North Charleston/Summerville Outside I-526 |
| City Name | North Charleston |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29418 |
| Square Feet | 83120 SF |
| Date Modified | 2017-12-15T12:31:33 |
| Property Status | Existing |
| Status | Pending/Contingent |
| Title | Palmetto Park |
| Zoning | M-1 |
Listed by: Wilson Kibler - Charleston LLC | 843-881-8660
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.
