1033 Wappoo Rd
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1033 Wappoo Rd
23,460 SF 100% Leased Flex Building Charleston, SC 29407 $4,350,000 ($185/SF)
INVESTMENT HIGHLIGHTS
- 23,460-SF Multi-Tenant Flex / Retail / Office / Warehouse Property in Charleston, SC
- Highly Visible and Large Monument Signage on Wappoo Road
- Opportunity for Owner User or New Tenant to Occupy a Large Portion of the Building / Warehouse
- Excellent Location in Desirable West Ashley Submarket
- Ideal Opportunity for an Owner-User or Value-Add Investor
- $400,212 Pro-Forma Stabilized NOI | 9+ CAP / Yield on Cost
EXECUTIVE SUMMARY
23,460-SF Multi-Tenant Flex / Retail / Office / Warehouse Property in Charleston, SC
Excellent Location in Desirable West Ashley Submarket
Highly Visible and Large Monument Signage on Wappoo Road
Warehouse Features a Roll Up Door | Opportunity to Add a Second Roll Up Door
Ideal Opportunity for an Owner-User or Value-Add Investor
Opportunity for Owner User or New Tenant to Occupy a Large Portion of the Building / Warehouse
Vacancy and Short Term Below Market Rents Presents an Excellent Value-Add Reposition Opportunity
$400,212 Pro-Forma Stabilized NOI | 9+ CAP / Yield on Cost
Property Tours Must be Scheduled with Listing Agent | Tenants Currently in Place and Must Not be Approached or Disturbed
Contact Agent for Further Info, Current Rent Roll and Financials
Excellent Location in Desirable West Ashley Submarket
Highly Visible and Large Monument Signage on Wappoo Road
Warehouse Features a Roll Up Door | Opportunity to Add a Second Roll Up Door
Ideal Opportunity for an Owner-User or Value-Add Investor
Opportunity for Owner User or New Tenant to Occupy a Large Portion of the Building / Warehouse
Vacancy and Short Term Below Market Rents Presents an Excellent Value-Add Reposition Opportunity
$400,212 Pro-Forma Stabilized NOI | 9+ CAP / Yield on Cost
Property Tours Must be Scheduled with Listing Agent | Tenants Currently in Place and Must Not be Approached or Disturbed
Contact Agent for Further Info, Current Rent Roll and Financials
PROPERTY FACTS Under Contract
| Price | $4,350,000 | Lot Size | 1.22 AC |
| Price Per SF | $185 | Rentable Building Area | 23,460 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Flex | Year Built | 1988 |
| Property Subtype | Showroom | Clear Ceiling Height | 13’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Price | $4,350,000 |
| Price Per SF | $185 |
| Sale Type | Investment |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | B |
| Lot Size | 1.22 AC |
| Rentable Building Area | 23,460 SF |
| No. Stories | 1 |
| Year Built | 1988 |
| Clear Ceiling Height | 13’ |
| No. Drive In / Grade-Level Doors | 1 |
AMENITIES
- Front Loading
- Signage
- Storage Space
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PROPERTY TAXES
| Parcel Number | 351-15-00-055 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $98,880 |
PROPERTY TAXES
Parcel Number
351-15-00-055
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$98,880
ZONING
| Zoning Code | OD_DUWAP (Overlay District: Dupont Ave/Wappoo Rd) |
| OD_DUWAP (Overlay District: Dupont Ave/Wappoo Rd) |
CONTACTS
-
Harrison Creason -
Andrew Margulies -
Alex Buckman -
John Berger -
Marcus & Millichap
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1033 Wappoo Rd
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