3251 Landmark Drive,North Charleston, SC

3251 Landmark Drive, North Charleston 3251 Landmark Drive, North Charleston, SC


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The property located at 3251 Landmark Drive is a 12,000 SF professional office building that was acquired in December of 2018.  The property underwent extensive interior and exterior renovations as well as extensive landscaping upgrades.  The renovation work was completed in April of 2019.  Post renovations, the leases with the current tenant mix were all upgraded to current market rates which provided a 23% increase to gross retail income.  The property is currently projecting a 2020 cash on cash return of 10.47% and an IRR of 19.96% and a 2.26 deal multiple. 

The office building sits on a 2.5-acre parcel and is located in the Pepperdam Business Park.  The site will accommodate 2 additional office buildings scheduled to begin construction in late 2020 bringing the total SF of the property to 28,000 SF.

Renovation details include:
- New HVAC systems
- New landscaping
- Window refinishing and replacement
- New ceilings
- New lighting
- New security systems
- Interior painting


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Our ProcessStep By Step


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.