4221 Rivers Ave North Charleston SC 29405

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.