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    4221 Rivers Ave

    North Charleston, SC 29405
    • $2,850,000
    • STATUS: Active
    • ON SITE: 77 days
    • ID#: 30611351
    UPDATED: 28 min ago
    $2,850,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS

    School Ratings & Info

    Description

    4221 Rivers Avenue is an 18,492 SF 100% leased, mixed-use asset located near North Charlestons thriving Park Circle sub-market. The property consists of four suites, two of which are creative office suites, leased to an IT Company and a national defense contractor and two warehouse/flex suites. Tenant occupying 7,611 Square Feet wants to vacate early and could provide opportunity for owner-user. The property was completely renovated in 2018 and included over $400,000 in base building renovations in 2018. Work included roof, painting, parking lot, HVAC, electrical and demising work. An additional $300,000 was spent in 2018 on new tenant improvements, converting two of the four flex units into creative office suites and refurbishing the two existing warehouse/flex suites.4221 Rivers Avenue Offers Investors on Opportunity to acquire a stabilized property in the heart of North Charlestons faster growing sub-market, Park Circle, well below replacement cost. Additionally, 4221 Rivers provides Investors a value-add opportunity as all in-place rents are under market. Further, value-add opportunity could exist by renovating one or both of the warehouse/flex suites into office space. Utilizingthe loading areas would increase parking to more than 3.0/1,000.

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    www.thecassinagroup.com/homes/106136614
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    4221 Rivers Ave North Charleston, SC 29405

    • Price: $2,850,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: 30611351
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    N. Charleston - Inside Mark Clark
    County:
    Charleston
    Area:
    N. Charleston - Inside Mark Clark
    Property Description
    4221 Rivers Avenue is an 18,492 SF 100% leased, mixed-use asset located near North Charlestons thriving Park Circle sub-market. The property consists of four suites, two of which are creative office suites, leased to an IT Company and a national defense contractor and two warehouse/flex suites. Tenant occupying 7,611 Square Feet wants to vacate early and could provide opportunity for owner-user. The property was completely renovated in 2018 and included over $400,000 in base building renovations in 2018. Work included roof, painting, parking lot, HVAC, electrical and demising work. An additional $300,000 was spent in 2018 on new tenant improvements, converting two of the four flex units into creative office suites and refurbishing the two existing warehouse/flex suites.4221 Rivers Avenue Offers Investors on Opportunity to acquire a stabilized property in the heart of North Charlestons faster growing sub-market, Park Circle, well below replacement cost. Additionally, 4221 Rivers provides Investors a value-add opportunity as all in-place rents are under market. Further, value-add opportunity could exist by renovating one or both of the warehouse/flex suites into office space. Utilizingthe loading areas would increase parking to more than 3.0/1,000.
    Interior Features

    Ceiling Height Min 16.0

    Property Features

    Property Status Existing Property Sub Type Flex SpaceFree-StandingIndustrial-Business ParkLight IndustrialNet LeasedWarehouse/Distribution Property Type Industrial Sale Price Min 2850000.00 Title Rivers Flex Sale - Partial Owner Occupant Zoning B-2 (North Charleston)

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    The Cassina Group, LLC
    309 Coleman Boulevard
    Mount Pleasant SC, 29464