Listed by Colliers - Charleston, South Carolina, Colliers
$6,528,000
4230 Faber Place Drive
Details
APN 4100000077
Property Type Office
Sub Type Traditional Office
Square Footage 34,000
Cap Rate 6.20%
Year Built 2001
Stories 1
Acreage 4.460
Zoning City of North Charleston - M-1 - Light Industrial District
Parking Spaces 157 spaces
Parking Per SqFt 4.62
Office | 6.20% CAP | 34,000 SqFt
Marketing description
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 and in move-in ready condition. 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 thislocation.Secure investment opportunity strategically located just minutes from I-526, Charleston InternationalAirport, and downtown Charleston.
Listing Contacts
Listed by Colliers - Charleston, South Carolina, Colliers
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