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501 Wando Park Boulevard

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

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

501 Wando Park Boulevard

$4,500,000

$150/SF

Building Size

30,000 SF

Asset Type

Office

Closing

Jun 9, 2025

AI

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

Avison Young

Broker

$7.6M

vol

2 deals

Broker

Mount Pleasant 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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93