Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in a newly renovated flex property located at 1007 Johnnie Dodds Blvd, Mt. Pleasant, South Carolina. Situated on a 3.62-acre lot with AB zoning, the property is occupied by a diverse tenant mix on short-term leases that nearly all feature 3%-5% annual escalations. While the seller is oping to leasing back a portion of the space and/or enter a master lease, the property offers upside by raising below market rents, filling remaining vacancies, or through potential redevelopment. The Mt. Pleasant Flex Center has recently undergone substantial renovations with capital improvements including HVAC units, parking lot resurfacing and restriping, and faux turf landscaping. Centrally located within one of Charleston’s most affluent and fastest-growing submarkets, the property benefits from excellent visibility via Highway 17 (74,100 VPD) and is surrounded by numerous medical, retail, and multifamily developments.