A fully leased 16,000 SF freestanding office building located just 1 mile south of Trident Tech with road frontage and a pylon sign on busy Rivers Ave. Upon closing a newly extended master lease with 10 years of term and 2.5 annual increases will be executed with zero Landlord responsibilities. Tenant is responsible for all taxes, insurance, maintenance, etc. This is a perfect no headache property to add to your portfolio. Current NOI will be $159,900 from master lease. This property has a much higher future income potential. Tenant is Charleston Executive Offices holding a master lease that operates the entire premises and offers different size offices, suites, conference rooms, and other like amenities to companies and individuals that range in a multitude of professional industries from law firms to accountant offices.
| Area | North Charleston/Summerville Outside I-526 |
| City Name | North Charleston |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29406 |
| Date Modified | 2019-07-24T13:34:50 |
| Property Status | Existing |
| Status | Active |
| Title | Fully Leased Long Term Investment - Zero Landlord Responsibilities |
Listed by: Commercial Real Estate Ventures, LLC | 843-557-3963
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.
