Contacts
James Nelson
Avison Young - US - NY - New York
(212) 729-7140
Property Details
- Property Type Office - General Office
- Property Size 145,407 SF
- Units 22
- Lot Size 1.47 Acre
- Building Class A
- Date Updated Apr 21, 2024
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Highlights
- Below-Market Average In-Place Office Rents:
- - Over 64,000 RSF of vacant office space allows for immediate upside through lease-up
- - Current in-place rents average $28/SF, a 24% discount to market rates
- - 2-year WALT allows for new ownership to further capitalize on increased future rents
- Investment Grade Credit Tenants???????
- - Bank of America: Moody’s (A1) & Fitch (AA-)
- - Morgan Stanley: Moody’s (A1) & Fitch (A)
- - New York Life: Moody’s (Aaa) & Fitch (AAA)
- Potential for Numerous Business Plans
- - Buyers can unlock immediate upside through a capital improvement plan and the resulting lease-up of vacant spaces
- - Vacancy also allows for potential residential conversion
- Market Demand
- - Current tenants include legal, insurance and financial services firms
- Flexible Floor Plan Availability
- - Multiple vacant suites are adjacent to each other, allowing for potential combinations and flexibility in size and layouts
- Prime Downtown Location
- - Situated across from the iconic Charleston Place hotel with high-end ground floor retail generating significant pedestrian activity year round
- - One block from the world-renowned King Street shopping corridor, with strong retail tenants including Apple, St. John, Gucci, Louis Vuitton, Target, Brooks Brothers, Golden Goose, Johnny O and J.Crew
- - Short walk from Charleston City Market, a national historic landmark, converted to an open-air shopping and dining destination
Attachments
Getting around
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Walk Score ®
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Transit Score ®
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Bike Score ®
Location
- City Charleston, SC
- Neighborhood Downtown Charleston
- Zip Code 29401
- Market Charleston
Points of Interest
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North Charleston Transit Center
7.57 miles
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Shell
0.42 miles
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Exxon
0.89 miles
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Circle K
2.20 miles
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Exxon
2.51 miles
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Kanagroo
2.79 miles
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Circle K
2.79 miles
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Scotchman
2.80 miles
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Fuel Express
2.81 miles
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Clair's Service Station
2.96 miles
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Scotchman
3.11 miles
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Parking Garage
0.16 miles
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Wentworth Street Parking Garage
0.25 miles
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George Street Garage
0.33 miles
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Condominium
0.43 miles
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Library Parking Garage
0.46 miles
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Camden Garage
0.56 miles
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St. Philip Street Parking Garage
0.56 miles
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Aquarium Parking
0.57 miles
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Marriott Parking
1.47 miles
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Holiday Inn Express Parking
1.52 miles
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Andrew Pickney Inn
0.04 miles
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DoubleTree
0.05 miles
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Indigo Inn
0.06 miles
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Planters Inn
0.08 miles
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Jasmine House Inn
0.08 miles
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Church Street Inn, Ascend Hotel Collection
0.10 miles
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Palmer's Pinckney Inn
0.10 miles
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The Ryder Hotel
0.11 miles
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French Quarter Inn
0.12 miles
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The Spectator Hotel
0.13 miles
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Harris Teeter
0.23 miles
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Coast Guard Exchange
0.94 miles
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Publix
1.59 miles
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Food Lion
2.00 miles
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Earth Fare
2.61 miles
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Harris Teeter
2.65 miles
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Whole Foods Market
2.80 miles
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Trader Joe's
2.98 miles
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Harris Teeter
3.04 miles
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Publix
3.06 miles
In-Depth Research Available for this Property
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Contact Listing Broker
James Nelson
Avison Young - US - NY - New York
(212) 729-7140