Overview
- Updated On:
- May 8, 2023
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
City: North Charleston
State/County: South Carolina
Zip: 29406
Country: United States
Property Id: 19931
Price: $ 16,900,000
Price/SF: $261
Cap Rate: 6.7%
Building Size: 64,800 SF
Lot Size: 5.02 Acres
Year Built: 2008
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