North Rhett Office/Flex Executive Center -N. Charleston SC

5617 N Rhett Ave,
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Overview

  • Updated On:
  • June 22, 2022

Description

  • Closed for $16,900,000 6.7% Cap
  • Class A Office Asset Primely Located Just Off Of Interstate-526 in the North Charleston Submarket
  • Publicly Traded Major Tenant SAIC Accounts for Nearly 60% of Total Net Operating Income
  • SAIC – 15 Years at This Location | Corporate Guarantee
  • Unique, High-Quality Mix of Tenants on NNN Leases | Minimal Landlord Responsibilities
  • Rare Opportunity to Acquire Multitenant Office at Nearly 100% Occupancy
  • Annual Escalations Allow for Hedge Against Inflation | Rents Reset to Market Rate at Option Renewals
  • No Deferred Maintenance
  • Charleston, SC is Widely Considered to be One of the Fastest Growing Markets in the U.S. | MSA Growing at 3X the U.S. Population Average
Address: 5617 N Rhett Ave
State/County:
Zip: 29406
Country: United States
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Property Id : 19931
Price/SF: $261
Cap Rate: 6.7%
Building Size: 64,800 SF
Lot Size: 5.02 Acres
Year Built: 2008

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Ani Paulson

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