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1938 Charlie Hall Blvd 6,769 SF Medical Condo Unit Offered at $2,675,000 in Charleston, SC 29414
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 309-00-00-043, 309-00-00-343 |
| Cap Rate | 6.50% |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| APN/Parcel ID | 309-00-00-043, 309-00-00-343 |
Description
1938 Charlie Hall Boulevard, Unit B, is a 6,769sf medical office condominium located adjacent to Glenn McConnell Parkway, which features approximately 20,800 vehicles per day. The space features a waiting and reception room, five (5) patient rooms, eight (8) private offices, two (2) break rooms, two (2) bathrooms, one (1) conference room, an expansive attic, two (2) private front-facing entrances, and twenty-seven (27) parking spaces. The parcel is zoned General Office (GO) in the City of Charleston.
Sale Notes
The Seller will execute a 10-year NNN lease based on a six and one-half percent (6.5%) capitalization rate at closing, providing a stable income investment in an established medical office district. Purchase of the property will also include a fifty-nine percent (59%) share of the Horizontal Property Regime.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit B | 6,769 SF | Medical | $2,675,000 ($395.18/SF) | $173,875 |
Unit B
| Unit Size |
| 6,769 SF |
| Condo Use |
| Medical |
| Price |
| $2,675,000 ($395.18/SF) |
| NOI |
| $173,875 |
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Unit B
| Unit Size | 6,769 SF |
| Condo Use | Medical |
| Price | $2,675,000 ($395.18/SF) |
| NOI | $173,875 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| APN/Parcel ID | 309-00-00-043, 309-00-00-343 |
| Description | |
| 1938 Charlie Hall Boulevard, Unit B, is a 6,769sf medical office condominium located adjacent to Glenn McConnell Parkway, which features approximately 20,800 vehicles per day. The space features a waiting and reception room, five (5) patient rooms, eight (8) private offices, two (2) break rooms, two (2) bathrooms, one (1) conference room, an expansive attic, two (2) private front-facing entrances, and twenty-seven (27) parking spaces. The parcel is zoned General Office (GO) in the City of Charleston.</li></ul> | |
| Sale Notes | |
| The Seller will execute a 10-year NNN lease based on a six and one-half percent (6.5%) capitalization rate at closing, providing a stable income investment in an established medical office district. Purchase of the property will also include a fifty-nine percent (59%) share of the Horizontal Property Regime.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 11,507 SF | Typical Floor Size | 11,507 SF |
| Property Type | Office (Condo) | Year Built | 2007 |
| Property Subtype | Medical | Lot Size | 1.18 AC |
| Building Class | A | Parking Ratio | 4.08/1,000 SF |
| Floors | 1 | ||
| Zoning | O - The parcel is zoned General Office (GO) in the City of Charleston. | ||
| Total Building Size | 11,507 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | A |
| Floors | 1 |
| Typical Floor Size | 11,507 SF |
| Year Built | 2007 |
| Lot Size | 1.18 AC |
| Parking Ratio | 4.08/1,000 SF |
| Zoning | O - The parcel is zoned General Office (GO) in the City of Charleston. |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
NNN Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Lowcountry Infectious Diseases, P.A. |
99,999 SF SF
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