The Headquarters Building 146 Fairchild St 67,000 SF 61% Leased Office Building Charleston, SC 29492 For Sale
INVESTMENT HIGHLIGHTS
- Well-maintained, attractive campus 15 minutes from downtown
- W.A.L.T. of current tenants is 2.7 years
- Value-add investment opportunity
- Quality tenant mix with largest tenant only 15.9 % of the building
- Opportunity to acquire at well below replacement cost
- Average rental rate approx. 15% below market asking rate ($30.10 psf vs. $35.75 psf)
EXECUTIVE SUMMARY
Nestled on picturesque Daniel Island, just 15 minutes from downtown Charleston, 146 Fairchild Street or “The Headquarters Building”, offers a well-maintained, scenic campus setting in a highly accessible location. Located directly off the River Landing exit of Interstate 526 and the last exit north of the Wando River, the property offers quick access to both Mt. Pleasant and North Charleston.
The building hosts a high-quality tenant mix, with no single tenant occupying more than 15.9% of the building, ensuring a diversified base of tenants. The Charleston office market is in an expansionary phase, signaling the potential for robust growth and strong returns for investors positioned to take advantage of the slower than average capital markets’ climate.
Positioned as a prime value-add investment opportunity, this property is priced at a significant discount to replacement cost (greater than 50%), presenting an exceptional opportunity for the astute investors. The combination of its attractive setting, competitive
rental rates, and the high barriers to entry posed by the coastal location in the thriving Charleston market makes this property a highly compelling investment opportunity for investors with the long view in mind.
The building hosts a high-quality tenant mix, with no single tenant occupying more than 15.9% of the building, ensuring a diversified base of tenants. The Charleston office market is in an expansionary phase, signaling the potential for robust growth and strong returns for investors positioned to take advantage of the slower than average capital markets’ climate.
Positioned as a prime value-add investment opportunity, this property is priced at a significant discount to replacement cost (greater than 50%), presenting an exceptional opportunity for the astute investors. The combination of its attractive setting, competitive
rental rates, and the high barriers to entry posed by the coastal location in the thriving Charleston market makes this property a highly compelling investment opportunity for investors with the long view in mind.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
67,000 SF
Building Class
B
Year Built
1996
Percent Leased
61%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
33,500 SF
Slab To Slab
14’
Building FAR
0.13
Lot Size
11.60 AC
Zoning
DI-GO - DI-GO (General Office)
Parking
278 Spaces (4 Spaces per 1,000 SF Leased)
AMENITIES
- Atrium
- Controlled Access
- Courtyard
- Pond
- Signage
- Waterfront
- Central Heating
- Natural Light
- Plug & Play
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Fl-Ste 132
- 1,857 SF
- Office
- -
- Now
- 1st Fl-Ste 180
- 1,858 SF
- Office
- -
- Now
Excellent open floor plan with nice balance of private offices and conference rooms. Very large parking lot on 11.5 acres. LED lighting throughout. Will divide to smaller sizes as needed.
Beautiful small Suite with mostly open floor plan and furniture included. Large glass-encased conference room overlooks lovely pond with fountain. Large windows offer abundant natural light. Large parking lot, lighted at night.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 132 | 1,857 SF | Office | - | Now |
| 1st Fl-Ste 180 | 1,858 SF | Office | - | Now |
| 2nd Fl-Ste 200 | 16,943 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 201 | 5,476 SF | Office | Full Build-Out | Now |
1st Fl-Ste 132
| Size |
| 1,857 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 180
| Size |
| 1,858 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 200
| Size |
| 16,943 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 201
| Size |
| 5,476 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 275-00-00-062 | Improvements Assessment | $8,814,405 CAD |
| Land Assessment | $6,755,384 CAD | Total Assessment | $15,569,790 CAD |
