Investment Opportunity in the high demand office area of North Charleston. The Office Building of 4230 Faber Place Drive is located conveniently off of I-526 in North Charleston. Occupying the space are two long term Tenants with rent escalations in place. The 33,250 square foot building is located on 3.55 acres and is developed with ample parking. 4075 Faber Place is included in the sale which is .91 acres and has a functioning media tower on it. Cumulus Media is the Tenant of the tower with more space available.
Acres | 4.46 |
Area | North Charleston/Summerville Outside I-526 |
City Name | North Charleston |
County | Charleston |
State | SC |
Property Type | Office |
Postal Code | 29405 |
Date Modified | 2020-05-08T12:31:06 |
Property Status | Existing |
Status | Active |
Title | Investment Package: Office Complex & Land for Sale- North Charleston |
Zoning | M-1 |
Listed by: Palmetto Commercial Prop, LLC | 843-577-2550
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.