The Schoolhouse at 720 Magnolia Road features professional office suites, shared conference room, bathrooms with showers, and onsite parking. This newly renovated office building provides a unique history, as it was the home of Albemarle Elementary School in the 1940’s. The Schoolhouse has been transformed into a unique and modern office building. This location has served its community with many functions. Also, the 3.69 acres adjacent to The Schoolhouse is owned by the City of Charleston as a public park facility and includes a community garden. The building contains an event space along with a fully renovated commercial kitchen, which will be rented out on various occasions for meetings, parties, and social events after normal business hours. Suite 2 is available for sublease.
| Area | West of the Ashley Inside I-526 to Ashley River |
| City Name | Charleston |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29407 |
| Date Modified | 2022-02-02T13:15:58 |
| Property Status | Existing |
| Status | Active |
| Title | 720 Magnolia Rd - The School House - Office |
Listed by: Avison Young - South Carolina Inc | 843-725-7200
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.
