Updated Jun 10, 2025
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
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