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501 Wando Park Boulevard

Updated Jun 10, 2025

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

About this deal

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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Deal FAQ

About $150 per square foot on a published $4.5M for 30,000 square feet (2025).

Visit Chris Fraser to view all their deals.

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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

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