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

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