200 Meeting St

145,407 SF 100% 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.

Property Facts Under Contract

Sale Type
Investment
Sale Conditions
Build to Suit
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
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
36,352 SF
Slab To Slab
14’
Building FAR
2.27
Lot Size
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
Walk Score ®
Walker's Paradise (95)
Bike Score ®
Very Bikeable (81)

PROPERTY TAXES

  • Listing ID: 30889714

  • Date on Market: 2/6/2024

  • Last Updated:

  • Address: 200 Meeting St, Charleston, SC 29401