Marcus & Millichap Brokers Sell North Charleston Office For $16.9M
5617 North Rhett Avenue, North Charleston, South Carolina 29406, United States
$16,900,000
$260/SF
Building Size
64,800 SF
Asset Type
Office
Closing
Jul 4, 2022
AI
The office property located at 5617 N Rhett Ave in North Charleston, SC has been sold for a price of $16,900,000. The property spans 64,800 square feet, resulting in a price per square foot of $261.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $16,900,000
The sale of this office property was facilitated by Ani Paulson & Pearce Vogler of Marcus & Millichap. They represented the buyer and seller in this transaction, showcasing their expertise in the market.
Players
North Charleston 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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93