200 Meeting St
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200 Meeting St
145,407 SF 37% Leased 4-Star Office Building Charleston, SC 29401 $50,000,000 ($344/SF)
Investment Highlights
- Below-Market Average In-Place Office Rents:
- Potential for Numerous Business Plans
- Flexible Floor Plan Availability
- Investment Grade Credit Tenants
- Value-Add Property
- Prime Downtown Location
Executive Summary
Virtual Data Room: http://Www.200meetingstreet.com
Avison Young, serving as the exclusive agent, is excited to present the sale of 200 Meeting Street – a 4-story mixed-use property with an attached 355-car garage, centrally located in historic Charleston, South Carolina. Nestled in a prime spot surrounded by a blend of cultural heritage and modern conveniences, this property holds a strategic position in the financial and commercial hub of the SC Coastal Region. Boasting a growing population, a technically skilled workforce, and global marketplace connections, Charleston provides an ideal backdrop for this investment opportunity. The property's average in-place office rents, currently 24% below market value, offer significant potential for increased returns through capital investment and a revamped marketing and lease-up strategy. Additionally, the existing vacancy opens up possibilities for a coveted residential conversion in this highly desirable urban locale.
Avison Young, serving as the exclusive agent, is excited to present the sale of 200 Meeting Street – a 4-story mixed-use property with an attached 355-car garage, centrally located in historic Charleston, South Carolina. Nestled in a prime spot surrounded by a blend of cultural heritage and modern conveniences, this property holds a strategic position in the financial and commercial hub of the SC Coastal Region. Boasting a growing population, a technically skilled workforce, and global marketplace connections, Charleston provides an ideal backdrop for this investment opportunity. The property's average in-place office rents, currently 24% below market value, offer significant potential for increased returns through capital investment and a revamped marketing and lease-up strategy. Additionally, the existing vacancy opens up possibilities for a coveted residential conversion in this highly desirable urban locale.
Property Facts Under Contract
Sale Type
Investment
Sale Conditions
Property Type
Office
Building Size
145,407 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1991
Price
$50,000,000
Price Per SF
$344
Percent Leased
37%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
36,352 SF
Slab To Slab
14’
Building FAR
2.27
Land Acres
1.47 AC
Zoning
GB - General Business
Parking
355 Spaces (2.44 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Bus Line
- Fitness Center
- Restaurant
- Skylights
- Reception
- Natural Light
- Partitioned Offices
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 13
- 3,624 SF
- Office
- -
- Now
- 1st Fl-Ste 14
- 7,971 SF
- Office
- -
- Now
- 2nd Fl-Ste 201
- 15,263 SF
- Office
- -
- Now
- 2nd Fl-Ste 204
- 3,108 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 205
- 1,726 SF
- Office
- Full Build-Out
- Now
- 3rd Fl-Ste 301
- 14,011 SF
- Office
- -
- Now
- 3rd Fl-Ste 302
- 6,713 SF
- Office
- -
- Now
- 3rd Fl-Ste 303
- 2,643 SF
- Office
- -
- Now
- 3rd Fl-Ste 304
- 2,587-2,643 SF
- Office
- -
- Now
- 3rd Fl-Ste 307
- 1,240 SF
- Office
- -
- Now
- 4th Fl-Ste 400
- 14,414 SF
- Office
- -
- Now
- 4th Fl-Ste 401
- 18,244 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 13 | 3,624 SF | Office | - | Now |
| 1st Fl-Ste 14 | 7,971 SF | Office | - | Now |
| 2nd Fl-Ste 201 | 15,263 SF | Office | - | Now |
| 2nd Fl-Ste 204 | 3,108 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 205 | 1,726 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 301 | 14,011 SF | Office | - | Now |
| 3rd Fl-Ste 302 | 6,713 SF | Office | - | Now |
| 3rd Fl-Ste 303 | 2,643 SF | Office | - | Now |
| 3rd Fl-Ste 304 | 2,587-2,643 SF | Office | - | Now |
| 3rd Fl-Ste 307 | 1,240 SF | Office | - | Now |
| 4th Fl-Ste 400 | 14,414 SF | Office | - | Now |
| 4th Fl-Ste 401 | 18,244 SF | Office | - | Now |
1st Fl-Ste 13
| Size |
| 3,624 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 14
| Size |
| 7,971 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 201
| Size |
| 15,263 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 204
| Size |
| 3,108 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 205
| Size |
| 1,726 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 301
| Size |
| 14,011 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 302
| Size |
| 6,713 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 303
| Size |
| 2,643 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 304
| Size |
| 2,587-2,643 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 307
| Size |
| 1,240 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
4th Fl-Ste 400
| Size |
| 14,414 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
4th Fl-Ste 401
| Size |
| 18,244 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
Walk Score ®
Walker's Paradise (95)
Bike Score ®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 458-05-03-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,715,360 |
PROPERTY TAXES
Parcel Number
458-05-03-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,715,360
-
Erik Edeen -
Christopher Fraser -
Leslie Fellabom -
Avison Young
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