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174 Meeting Street, Charles...

Highland Ventures Acquires Office Property In Charleston, SC For $16.75M
SOLDOffice

Highland Ventures Acquires Office Property In Charleston, SC For $16.75M

174 Meeting Street, Charleston, South Carolina 29401, United States

$16,750,000

$356,383/SF

Building Size

47 SF

Asset Type

Office

Closing

Nov 21, 2022

AI

A 47,113 square foot office property located at 174 Meeting Street in Charleston, SC has been sold for $16,750,000. The sale price per square foot was $356, indicating a strong market value for the asset. The transaction took place on November 21, 2022.

Summary of transaction details:

The deal was facilitated by CBRE, with brokers Matt Smith, Patrick Gildea, Grayson Hawkins, Robert Hardaway, Charles Carmody, and Ryan Carmody representing the parties involved. The transaction showcases the strong demand and value of office properties in the Charleston, SC market.

Players

Charles Carmody

CBRE

Broker

$29.4M

vol

2 deals

Broker

Charleston Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.95%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93