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4230 Faber Place Dr
North Charleston, SC 29405
4230/4075 Faber Place Drive · Office Property For Sale
Executive Summary
Attractive, well-maintained, single-story professional office building with stabilized income. All common areas have been renovated, and a new landscaping plan and irrigation system has been installed within the past two years. Currently anchored by established tenants Cumulus Media and C&S Retail Services, this asset presents a stable income stream with long-standing occupants while providing additional upside through the lease-up of the recently renovated vacant space. There is (+/-) 6,236 SF that is currently vacant. This space could be leased to a single tenant or subdivided into two suites. 4075 Faber Place Drive is 0.91 acre and has a functioning broadcast communications tower that was designed to accommodate the technical requirements of multiple radio frequencies and broadcasting equipment. Cumulus Media currently operates five local radio stations from this location. Secure investment opportunity strategically located just minutes from I-526, Charleston International Airport, and downtown Charleston.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
32,388 SF
Building Class
B
Year Built
2001
Price
$6,528,000
Price Per SF
$201.56
Cap Rate
6.17%
NOI
$402,486
Percent Leased
81%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
32,388 SF
Building FAR
0.21
Lot Size
3.49 AC
Zoning
Light Industrial - M-1, Light Industrial in the City of North Charleston
Parking
157 Spaces (4.85 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 410-00-00-077 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $311,990 |
Property Taxes
Parcel Number
410-00-00-077
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$311,990
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