Headquarters Building
67,000 SF | 64% Leased | Office Building | Charleston, SC 29492 | For Sale
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Office
- Square Feet
- 67,000 SF
Listing Contacts
Gary Lyons, CCIM,SIOR, MBA
Verified Profile
Ashley Jackrel
Verified Profile
Leslie Fellabom
Verified Profile
- Property Info
Property Overview
Nestled on picturesque Daniel Island, just 15 minutes from downtown Charleston, 146 Fairchild Street or “The Headquarters Building”, offers a well-maintained, scenic campus setting in a highly accessible location. Located directly off the River Landing exit of Interstate 526 and the last exit north of the Wando River, the property offers quick access to both Mt. Pleasant and North Charleston.
The building hosts a high-quality tenant mix, with no single tenant occupying more than 15.9% of the building, ensuring a diversified base of tenants. The Charleston office market is in an expansionary phase, signaling the potential for robust growth and strong returns for investors positioned to take advantage of the slower than average capital markets’ climate.
Positioned as a prime value-add investment opportunity, this property is priced at a significant discount to replacement cost (greater than 50%), presenting an exceptional opportunity for the astute investors. The combination of its attractive setting, competitive
rental rates, and the high barriers to entry posed by the coastal location in the thriving Charleston market makes this property a highly compelling investment opportunity for investors with the long view in mind.
The building hosts a high-quality tenant mix, with no single tenant occupying more than 15.9% of the building, ensuring a diversified base of tenants. The Charleston office market is in an expansionary phase, signaling the potential for robust growth and strong returns for investors positioned to take advantage of the slower than average capital markets’ climate.
Positioned as a prime value-add investment opportunity, this property is priced at a significant discount to replacement cost (greater than 50%), presenting an exceptional opportunity for the astute investors. The combination of its attractive setting, competitive
rental rates, and the high barriers to entry posed by the coastal location in the thriving Charleston market makes this property a highly compelling investment opportunity for investors with the long view in mind.
Property Details
- Class
- B
- Year Built/Renovated
- 1996/2019
- Stories
- 2
- Lot Size (sq. ft)
- 505,296 SF
Highlights
- Well-maintained, attractive campus 15 minutes from downtown
- Quality tenant mix with largest tenant only 15.9 % of the building
- W.A.L.T. of current tenants is 2.7 years
- Opportunity to acquire at well below replacement cost
- Value-add investment opportunity
- Average rental rate approx. 15% below market asking rate ($30.10 psf vs. $35.75 psf)
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