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4000 Faber Place Drive

Charleston, SC 29405
  • $17,500,000
  • STATUS: Active
  • ON SITE: 74 Days
  • ID#: 31003371
UPDATED: 113 min ago
$17,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 95,625
    SQFT
  • $183
    $/SQFT
Type:
Commercial
Built:
2008
County:

School Ratings & Info

Description

Introducing Faber Centre, 4000 Faber Place Drive, an exceptional opportunity for investors in North Charleston, South Carolina. This four-story, multi tenant office building is 95,625 square feet and is situated on a sprawling four-acre site within the heart of the Executive Park at Faber Place - Charleston's only Class A Office Park. Highly functional floor plates offer ultimate flexibility to accommodate a variety of tenants. Abundant and convenient surface parking is provided for tenants and visitors at a ratio of 3.8 spaces per 1,000 USF.Strategically located just off Leeds Avenue, this property provides direct access to I-526 and lies approximately 3 miles from I-26, positioning it as a pivotal hub within the tri-county area. The property is currently 83% leased and boasts a strong Net Operating Income (NOI) in place. Investors can capitalize on this established revenue stream while also recognizing the value-add opportunity presented by the lease-up of remaining vacancies.Charleston continues to experience significant expansion driven by a growing population and workforce. The overall office market reflects this, with vacancy rates below ten percent and no new office space slated for near term development.

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www.thecassinagroup.com/homes/150289117
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4000 Faber Place Drive Charleston, SC 29405

  • Price: $17,500,000
  • Status: Active
  • On Site: 74 Days
  • Updated: 113 min ago
  • ID#: 31003371
0
Beds
0
Baths
0
½ Baths
N/A
Acres
95,625
SQFT
$183
$/SQFT
2008
Built
County:
Charleston
Property Description
Introducing Faber Centre, 4000 Faber Place Drive, an exceptional opportunity for investors in North Charleston, South Carolina. This four-story, multi tenant office building is 95,625 square feet and is situated on a sprawling four-acre site within the heart of the Executive Park at Faber Place - Charleston's only Class A Office Park. Highly functional floor plates offer ultimate flexibility to accommodate a variety of tenants. Abundant and convenient surface parking is provided for tenants and visitors at a ratio of 3.8 spaces per 1,000 USF.Strategically located just off Leeds Avenue, this property provides direct access to I-526 and lies approximately 3 miles from I-26, positioning it as a pivotal hub within the tri-county area. The property is currently 83% leased and boasts a strong Net Operating Income (NOI) in place. Investors can capitalize on this established revenue stream while also recognizing the value-add opportunity presented by the lease-up of remaining vacancies.Charleston continues to experience significant expansion driven by a growing population and workforce. The overall office market reflects this, with vacancy rates below ten percent and no new office space slated for near term development.
Exterior Features

Parking Type Surface

Property Features

Class Of Space Class A Current Use Office Nearest MSA Charleston-North CharlestonSC Property Sub Type Office Secondary Property Sub Type Office Zoning City of North Charleston - M-1 - Light Industrial District

Listing courtesy of Lee & Associates - Charleston: .
 
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The Cassina Group, LLC
309 Coleman Boulevard
Mount Pleasant SC, 29464