216 Seven Farms Drive is a fully leased, single tenant office building located in the heart of Daniel Island. Property was fully renovated in 2019 and improvements to the building include new interiors, windows and HVAC. HITT Contracting has long-term lease in place through 2029 with two options to extend. Average NOI during the primary term is $280,000. Call agent for further details.
Acres | 0.73 |
Area | Daniel Island |
City Name | Charleston |
County | Berkeley |
State | SC |
Property Type | Office |
Postal Code | 29492 |
Date Modified | 2022-01-10T11:23:09 |
Property Status | Existing |
Status | Pending/Contingent |
Title | 216 Seven Farms Drive | Daniel Island Investment Sale |
Zoning | OTHER |
Listed by: Lee & Associates - Charleston | 843-747-1200
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.