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Long Point Center LLC Sells Office Building In Mount Pleasant For $4.5M With Avison Young

Property Image
SOLD
$4,500,000
Jeff Baxter
Jim Haley
+ 2

South Carolina

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Office30,000 SF
Sold 06/09/2025
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Property Image
SOLD

Long Point Center LLC Sells Office Building In Mount Pleasant For $4.5M With Avison Young

501 Wando Park Boulevard

See Similar Deals
Office30,000 SF
Sold 06/09/2025
Jeff Baxter
Jim Haley
+ 2
Contact now

Summary

SOUTH CAROLINA
Asset Type:Office
Price Per Square Foot:$150
Total Square Footage:30,000 SF
Transaction Type:Sale

An office asset located at 501 Wando Park Boulevard in Mount Pleasant, SC, was sold for $4,500,000. The property comprises 30,000 square feet, resulting in a price per square foot of $150.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $4,500,000
  • Square Footage: 30,000
  • Price per Square Foot: $150
  • Seller: Long Point Center LLC
  • Buyer's Representative: Jim Haley, Jeff Baxter & Anne Lawless - Cityvolve Commercial Realty
  • Seller's Representatives: Chris Fraser & Leslie Fellabom - Avison Young

Avison Young facilitated the transaction, arranging the sale to a group of shareholders representing the engineering firm SeamonWhiteside, which will occupy 20,000 square feet as its headquarters.

Players

Chris Fraser
2 deals$7.6M volume(843) 452-9425
BROKER

Jeff Baxter
Cityvolve Commercial Realty
1 deal$4.5M volume(843) 557-9764
BROKER

Jeff Baxter
Cityvolve Commercial Realty
1 deal$4.5M volume(843) 557-9764
BROKER

Jim Haley
Cityvolve Commercial Realty
1 deal$4.5M volume(843) 327-0503
BROKER

Jim Haley
Cityvolve Commercial Realty
1 deal$4.5M volume(843) 327-0503
BROKER

Jim Haley
Cityvolve Commercial Realty
1 deal$4.5M volume(843) 327-0503
BROKER

Anne Lawless
Cityvolve Commercial Realty
1 deal$4.5M volume(843) 566-5510
BROKER

Leslie Fellabom
Avison Young
1 deal$4.5M volume(843) 442-7492
BROKER

Details

SOLD
IMAGE: 06/09/2025 ADDRESS: 501 Wando Park Boulevard MARKET: Mount Pleasant, SC ASSET TYPE: Office SELLER: Long Point Center LLC BUYER'S REP: Jim Haley, Jeff Baxter & Anne Lawless - Cityvolve Commercial Realty SELLER'S REP: Chris Fraser & Leslie Fellabom - Avison Young SALE PRICE: $4,500,000 SF: 30,000 ~ PPSF: $150 NOTE: Avison Young arranged the $4.5 million sale of a 30,000-sf Class A office building at 501 Wando Park Blvd, Mount Pleasant, SC, to a group of shareholders representing engineering firm SeamonWhiteside, which will continue to occupy 20,000 sf for its headquarters.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55