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$ 1,895,000
Est. payment /mo
Price Dropped by $205K
2039 Savannah HWY Charleston, SC 29407
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 31006490
Year Built 1986
Property Sub-Type Office
Property Description
Presenting the prime opportunity to invest in a thriving medical property, this 5,567 SF building boasts unparalleled appeal for Office / Medical investors. With a strategic location in Charleston, SC, this property offers a solid foundation for success. Renovated in 2019 and currently zoned GB, the building enjoys 100% occupancy under a favorable Triple Net Lease. The lease terms include a 5-year term with a 5-year renewal option, annual rent increases of 3%, and a compelling Cap Rate of 6.65%. Positioned for long-term success, this property represents a lucrative investment in the burgeoning Charleston market.Urgent and Primary CareBuilding Size: 5,567 SFRenovated in 2019Zoned GB100% OccupancyTriple Net Lease (NNN)Lease Term: 5 years + two 5-year renewal optionAnnual Rent Increases: 3%Asking Price: $$1,895,000Cap Rate (Avg NOI): 6.65%
Location
State SC
County Charleston
Zoning City of Charleston - GB - General Business
Exterior
Parking Features Surface
Garage Spaces 25.0
Building
Sewer Public Sewer
Water Public
Listed by Steve Radekopf • Radekopf And Associates
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