4221 Rivers Ave North Charleston SC 29405

$2,850,000Listing # 30601611

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Remarks

4221 Rivers Avenue is a 100 leased, mixed-use asset located near North Charleston’s thriving Park Circle sub-market. The property consists of four suites, two of which are creative office suites, leased to an IT Company and a national defense contractor and two warehouse/flex suites. Sixty-Percent of the Property is leased to national tenants. The property was completely renovated in 2018 and included over $400,000 in base building renovations in 2018. Work included roof, painting, parking lot, HVAC, electrical and demising work. An additional $300,000 was spent in 2018 on new tenant improvements, converting two of the four flex units into creative office suites and refurbishing the two existing warehouse/flex suites. 4221 Rivers Avenue Offers Investors on Opportunity to acquire a stabilized property in the heart of North Charleston’s faster growing sub-market, Park Circle, well below replacement cost. Additionally, 4221 Rivers provides Investors a value-add opportunity as all in-place rents are under market. Further, value-add opportunity could exist by renovating one or both of the warehouse/flex suites into office space. Utilizing the loading areas would increase parking to more than 3.0/1,000.

Basic Features

  • Area: North Charleston Inside I-526
  • City Name: North Charleston
  • County: Charleston
  • State: SC
  • Property Type: Industrial
  • Postal Code: 29405

Additional Features

  • Date Modified: 2020-05-15T08:36:42
  • Property Status: Existing
  • Status: Active
  • Sale Price Min: $2,850,000
  • Sale Price Min Total: $2,850,000
  • Tax Id: 470-11-00-047
  • Title: Rivers Flex Sale
  • Zoning: B-2 (NORTH CHARLESTON)

Property Subtype

  • Net Leased
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