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
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