South Park Plaza is a 139,060 RSF, three building office complex at Hwy 7, Hwy 17 and I-526 in front of Citadel Mall. MUSC leases 125,942 RSF = 91 of the complex under a lease that runs to the end of 2028 - 7.5 years. Call for details. The prominent and visible location along I-526 in West Ashley, just in front of the Citadel Mall, along with its strong credit tenant, offers investors a rare opportunity in the Charleston market to purchase a stable cash flowing asset with significant upside potential. One South Park Circle, a five-story office building, was built in 1974 and renovated in 2012. Two and Three South Park Circle are both two-story buildings built in 1985. Two South Park Circle is connecting to Building One via an enclosed walkway on both the first and second floors.
| Acres | 10.82 |
| Area | West of the Ashley Inside I-526 to Ashley River |
| City Name | Charleston |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29407 |
| Square Feet | 139060 SF |
| Date Modified | 2021-09-15T08:27:13 |
| Property Status | Existing |
| Status | Active |
| Title | South Park Plaza |
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.
