Summerville Multi-Tenant Office 7.3% CAP SOLD

$ 1,954,457
89 Old Trolley Rd,
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Overview

  • Updated On:
  • March 19, 2021

Description

-Multi-Tenant Office Building 87% Occupied by Primarily Medical Tenants
-Majority of Leases Feature Individual Guarantee
-Modified Gross Leases | Major Tenant on NN Lease
-Annual Rent Escalations | Staggered Lease Rollover
-Newly Renovated in 2018 with New Roof & Interior Renovations
-Prime Location and Signage on One of Summerville’s Busiest Roadways
-Average Traffic is 41,400 Vehicles Per Day
-Value-Add Through Lease-Up

 

 

Address: 89 Old Trolley Rd
State/County:
Zip: 29485
Country: United States
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Property Id : 19273
Price: $ 1,954,457
Price/SF: $148.42
Cap Rate: 7.3%
Building Size: 15,527
Rentable Area: 15,527
Lot Size: 1.98 Acres
# of Units: 19 Suites
Year Built: 1997

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Ani Paulson

Team Lead | Investment Specialist
Ani Paulson based in Charleston, SC, focuses on the analysis and disposition of office/ind ...

Pearce Vogler, CPA

Investment Specialist

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Pearce Vogler, CPA