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1522 Oakhurst Dr

6,340 SF 100% Leased Office Building Charleston, WV 25314 $779,000 ($123/SF) 7.80% Cap Rate

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Investment Highlights

Completely renovated in 2020 with many updates. Please contact us for a full list!
Convenient location - Only minutes from downtown Charleston, restaurants, shopping, and much more.

Fully leased with established tenants. A great incoming producing complex for an investor looking to grow their portfolio.

Executive Summary

This meticulously renovated 4-unit commercial property offers modern amenities in an unbeatable location. Boasting just shy of $550,000 in upgrades, every inch of this property was revitalized in 2020 to provide a premium experience for both business owners and tenants. Exterior renovations include: new roof; sheathing and stucco; commercial-grade windows and doors for enhanced curb appeal and security; new soffit, fascia, and 6-inch gutters. Interior renovations include but are not limited to: fully updated electrical, plumbing, and HVAC systems; sleek new drywall and fresh paint throughout; stylish interior doors and light fixtures; Luxury Vinyl Plank (LVP) commercial-grade flooring and carpet; modern kitchenette with granite countertops and stainless steel appliances. These buildings are fantastic for an investor looking for a high-end and professional turn-key property to add to their portfolio. Don't miss out on this rare opportunity to own a fully leased commercial property!

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	$79,727	$12.58
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$79,727	$12.58
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$19,484	$3.07
Net Operating Income	$60,243	$9.50

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	$79,727
Annual Per SF	$12.58

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$79,727
Annual Per SF	$12.58

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$19,484
Annual Per SF	$3.07

Net Operating Income
Annual	$60,243
Annual Per SF	$9.50

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Building Size

6,340 SF

Building Class

Year Built/Renovated

1980/2020

Price

$779,000

Price Per SF

$123

Cap Rate

7.80%

NOI

$60,762

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

3,170 SF

Slab To Slab

10’

Building FAR

0.35

Land Acres

0.42 AC

Opportunity Zone

Yes

Zoning

Commercial - Commercial-Office

Parking

22 Spaces (3.47 Spaces per 1,000 SF Leased)

Amenities

24 Hour Access
Signage
Kitchen

Accent Lighting
Reception
Basement

Central Heating
Open-Plan
Recessed Lighting

Air Conditioning
Smoke Detector

MAJOR TENANTS

Finance and Insurance
-
-
Triple Net
-

Founded in 1922, Edward Jones specializes in helping individual investors rather than institutions. And as a privately-owned company, they are able to focus on relationships rather than shareholder returns. They have consistently been ranked among the best companies to work for by Fortune magazine, and their employees tend to stay with them for years. As a privately-owned company, Edward Jones has a very personal feel that's almost like family. Out of their partnership structure grows a spirit of collaboration. They have a shared focused on doing what's best for their clients, their communities and one another. At Edward Jones, their purpose is to partner for positive impact to improve the lives of their clients and colleagues, and together, better their communities and society. Foundational to their purpose is holding every associate accountable to the highest ethical standards.