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Office

Central Plaza Office Building

100 Central Ave - Building A, Goose Creek, SC 29445

Listing Price: $1,700,000

Cap Rate
7.75%
Gross SF
6,600
Rentable SF
5,230
Price/Gross SF
$257.58
Lot Size
0.94 acres
Year Built
1988

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in Building A of the Real Estate Central Plaza located in the Charleston, South Carolina MSA. The multi-tenant building totals 6,600 square-feet and is part of a 3-building office park. The subject property rests on 0.94 acres and is currently 100% occupied by a diverse tenant mix, including the owner user Better Homes & Gardens, who occupies 63% of the GLA. The subject property was built in 1988, the current owner has recently put over $100,000 in renovations into this asset. This property offers substantial value-add opportunity through extending lease term and converting current leases to NNN.

Located along the Atlantic seaboard, the Charleston metro encompasses Charleston, Berkeley and Dorchester counties in southeastern South Carolina. A favorable business climate is helping draw companies and workers to the region. Vehicle manufacturing is growing with recent expansions at Mercedes-Benz and Volvo. Walmart also recently began development of a 3 million square-foot distribution center in Ridgeville. The metro population has grown by roughly 243,000 people since 2000 and the market is forecast to receive another 75,000 people through 2024. Charleston is the largest city in the metro with 142,000 residents, followed by North Charleston with 109,800.

Investment Highlights

  • Fully Occupied Office Building in Charleston MSA | Renovated 2023
  • Strong Tenant Mix | Located Adjacent to Saint James Avenue 45,500+ VPD
  • Primely Located in High Growth Submarket of Goose Creek
  • Major Tenant Who Occupies 63% of GLA Will Conduct a 5-Year NNN Sale-Leaseback | Personal Guarantee
  • Attractive Seller Financing Available

Exclusively Listed By

Office

Central Plaza Office Building

Listing Price: $1,700,000

Cap Rate
7.75%
Gross SF
6,600
Rentable SF
5,230
Price/Gross SF
$257.58
Lot Size
0.94 acres
Year Built
1988

Investment Highlights

  • Fully Occupied Office Building in Charleston MSA | Renovated 2023
  • Strong Tenant Mix | Located Adjacent to Saint James Avenue 45,500+ VPD
  • Primely Located in High Growth Submarket of Goose Creek
  • Major Tenant Who Occupies 63% of GLA Will Conduct a 5-Year NNN Sale-Leaseback | Personal Guarantee
  • Attractive Seller Financing Available

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in Building A of the Real Estate Central Plaza located in the Charleston, South Carolina MSA. The multi-tenant building totals 6,600 square-feet and is part of a 3-building office park. The subject property rests on 0.94 acres and is currently 100% occupied by a diverse tenant mix, including the owner user Better Homes & Gardens, who occupies 63% of the GLA. The subject property was built in 1988, the current owner has recently put over $100,000 in renovations into this asset. This property offers substantial value-add opportunity through extending lease term and converting current leases to NNN. Located along the Atlantic seaboard, the Charleston metro encompasses Charleston, Berkeley and Dorchester counties in southeastern South Carolina. A favorable business climate is helping draw companies and workers to the region. Vehicle manufacturing is growing with recent expansions at Mercedes-Benz and Volvo. Walmart also recently began development of a 3 million square-foot distribution center in Ridgeville. The metro population has grown by roughly 243,000 people since 2000 and the market is forecast to receive another 75,000 people through 2024. Charleston is the largest city in the metro with 142,000 residents, followed by North Charleston with 109,800.

Exclusively Listed By

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