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Rare Mixed Use Charleston, SC Asset 320 Wingo Way 17,280 SF 100% Leased 4-Star Office Building Mount Pleasant, SC 29464 $11,446,000 ($662.38/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- IRREPLACEABLE LOCATION
- ATTRACTIVE LEASE FUNDAMENTALS
- HIGH BARRIERS TO ENTRY
EXECUTIVE SUMMARY
- Each Tenant has signed a new lease and are corporately guaranteed
- Both leases include annual 3% rental increases
- The two leases are Triple Net (NNN) with absolutely zero landlord responsibilities or slippage
IRREPLACEABLE LOCATION
- 320 Wingo Way is located just off of Johnnie Dodds Blvd which sees over 81K vehicles per day
- This site sites just before the base of the Arthur Ravenel Bridge which connects Mt Pleasant, Isle Of Palms, Sullivans Island, and other vacation spots to Charleston, SC
DENSE RETAIL NODE
- This site is located within a dense retail node just before the Arthur Ravenel Jr. Bridge
- Within a 1-mile radius of the site is more than 964K SF of retail space
- Nearby National Retailers include: Harris Teeter, Whole Foods Market, ALDI, Trader Joe’s, and more
STRONG DEMOGRAPHICS
- Within a one-mile radius of the site the AHHI exceeds $170K
- Within a three-mile radius of the site are more than 45K people
- Within a three-mile radius of the site are more than 20K homes
- Within this area the average household income in very high and it is a densely populated community providing nearby customers with discretionary income
HIGH GROWTH CHARLESTON MSA
- The site is located under 5-miles from downtown Charleston, SC
- The Charleston, SC MSA has a growth rate annually of around three times the national average
- Since 2014 the population of Charleston has increased 14%
HIGH BARRIERS TO ENTRY
- Rare opportunity to acquire a recently constructed, multi-tenant asset in the high desirable Mt. Pleasant, SC market
- Available quality commercial investments are scarce in the Charleston MSA, offering investors potential for long-term value and stability
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Property Manager on Site
- Security System
- Roof Terrace
- Outdoor Seating
- Air Conditioning
- Balcony
- Fiber Optic Internet
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Construction
- 10,749 SF
- -
- Triple Net
- -
- Grace & Grits
- Retailer
- 6,531 SF
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Construction | 10,749 SF | - | Triple Net | - | |
| Grace & Grits | Retailer | 6,531 SF | - | Triple Net | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Congruent Workspace is a private office facility at the foot of the Arthur Ravenel Bridge in Mount Pleasant, SC. The building offers ample natural light, dedicated meeting space, and a gorgeous view from our roof terrace. Private offices are furnished by management to best meet the needs of individual members. Members enjoy 24/7 keyed access to their own private office equipped with a full suite of amenities such as high-speed internet, coffee bar, and a state-of-the art conferencing facility. Contact us to schedule a tour or for additional details!
Congruent Workspace is a private office facility at the foot of the Arthur Ravenel Bridge in Mount Pleasant, SC. The building offers ample natural light, dedicated meeting space, and a gorgeous view from our roof terrace. Private offices are furnished by management to best meet the needs of individual members. This prime location is central to all of the best that Charleston has to offer: Less than five minutes from Downtown Charleston, 15 minutes from the Charleston International Airport, and within walking distance of the Waterfront Park. Members enjoy 24/7 keyed access to their own private office equipped with a full suite of amenities such as high-speed internet, coffee bar, and a state-of-the art conferencing facility. Contact us to schedule a tour or for additional details!
Congruent Workspace is a private office facility at the foot of the Arthur Ravenel Bridge in Mount Pleasant, SC. The building offers ample natural light, dedicated meeting space, and a gorgeous view from our roof terrace. Private offices are furnished by management to best meet the needs of individual members. Members enjoy 24/7 keyed access to their own private office equipped with a full suite of amenities such as high-speed internet, coffee bar, and a state-of-the art conferencing facility. Contact us to schedule a tour or for additional details!
Congruent Workspace is a private office facility at the foot of the Arthur Ravenel Bridge in Mount Pleasant, SC. The building offers ample natural light, dedicated meeting space, and a gorgeous view from our roof terrace. Private offices are furnished by management to best meet the needs of individual members. Members enjoy 24/7 keyed access to their own private office equipped with a full suite of amenities such as high-speed internet, coffee bar, and a state-of-the art conferencing facility. Contact us to schedule a tour or for additional details!
Congruent Workspace is a private office facility at the foot of the Arthur Ravenel Bridge in Mount Pleasant, SC. The building offers ample natural light, dedicated meeting space, and a gorgeous view from our roof terrace. Private offices are furnished by management to best meet the needs of individual members. Members enjoy 24/7 keyed access to their own private office equipped with a full suite of amenities such as high-speed internet, coffee bar, and a state-of-the art conferencing facility. Contact us to schedule a tour or for additional details!
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 100-5,000 SF | Office | Full Build-Out | Now |
| 2nd Floor | 100 SF | Office | Full Build-Out | Now |
| 2nd Floor | 150 SF | Office | Full Build-Out | Now |
| 2nd Floor | 200 SF | Office | Full Build-Out | Now |
| 2nd Floor | 230 SF | Office | Full Build-Out | Now |
2nd Floor
| Size |
| 100-5,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 100 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 150 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 200 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 230 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size | 100-5,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Congruent Workspace is a private office facility at the foot of the Arthur Ravenel Bridge in Mount Pleasant, SC. The building offers ample natural light, dedicated meeting space, and a gorgeous view from our roof terrace. Private offices are furnished by management to best meet the needs of individual members. Members enjoy 24/7 keyed access to their own private office equipped with a full suite of amenities such as high-speed internet, coffee bar, and a state-of-the art conferencing facility. Contact us to schedule a tour or for additional details!
2nd Floor
| Size | 100 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Congruent Workspace is a private office facility at the foot of the Arthur Ravenel Bridge in Mount Pleasant, SC. The building offers ample natural light, dedicated meeting space, and a gorgeous view from our roof terrace. Private offices are furnished by management to best meet the needs of individual members. This prime location is central to all of the best that Charleston has to offer: Less than five minutes from Downtown Charleston, 15 minutes from the Charleston International Airport, and within walking distance of the Waterfront Park. Members enjoy 24/7 keyed access to their own private office equipped with a full suite of amenities such as high-speed internet, coffee bar, and a state-of-the art conferencing facility. Contact us to schedule a tour or for additional details!
2nd Floor
| Size | 150 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Congruent Workspace is a private office facility at the foot of the Arthur Ravenel Bridge in Mount Pleasant, SC. The building offers ample natural light, dedicated meeting space, and a gorgeous view from our roof terrace. Private offices are furnished by management to best meet the needs of individual members. Members enjoy 24/7 keyed access to their own private office equipped with a full suite of amenities such as high-speed internet, coffee bar, and a state-of-the art conferencing facility. Contact us to schedule a tour or for additional details!
2nd Floor
| Size | 200 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Congruent Workspace is a private office facility at the foot of the Arthur Ravenel Bridge in Mount Pleasant, SC. The building offers ample natural light, dedicated meeting space, and a gorgeous view from our roof terrace. Private offices are furnished by management to best meet the needs of individual members. Members enjoy 24/7 keyed access to their own private office equipped with a full suite of amenities such as high-speed internet, coffee bar, and a state-of-the art conferencing facility. Contact us to schedule a tour or for additional details!
2nd Floor
| Size | 230 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Congruent Workspace is a private office facility at the foot of the Arthur Ravenel Bridge in Mount Pleasant, SC. The building offers ample natural light, dedicated meeting space, and a gorgeous view from our roof terrace. Private offices are furnished by management to best meet the needs of individual members. Members enjoy 24/7 keyed access to their own private office equipped with a full suite of amenities such as high-speed internet, coffee bar, and a state-of-the art conferencing facility. Contact us to schedule a tour or for additional details!
PROPERTY TAXES
| Parcel Number | 514-13-00-072 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $387,000 |
PROPERTY TAXES
CONTACTS
-
David Hoppe -
Joseph Purze -
Ben Olmstead -
Ben McCarter -
Atlantic Capital Partners
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Rare Mixed Use Charleston, SC Asset | 320 Wingo Way
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