Historic property located in Charleston's French Quarter neighborhood. Ready to be refurbished as an office, a residence, or a combination of both. Two on-street residential permits are available
Area | Peninsula Charleston Inside of Crosstown |
City Name | Charleston |
County | Charleston |
State | SC |
Property Type | Office |
Postal Code | 29401 |
Date Modified | 2020-01-31T07:41:17 |
Property Status | Existing |
Status | Active |
Title | 44 State Street |
Listed by: East Rock Properties, LLC | 843-270-6000
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.