115 Central Island St, Charleston, SC
Office building in Charleston, built in 2015.
- Added:
- Aug 23, 2022
- Days on Market:
- 1392
- Last Refresh:
- May 20 at 9:39 pm
Property Features for 115 Central Island St
General Information
- Standard status
- Active
- Size
- 73,027 SF
- Lot size
- 3.33 Acres
- Property subtype
- OFFICE
Properties For Sale
at 115 Central Island St Contact usListing agent Patrick W. Marr
Listing office WRS Realty (843) 654-7888
Listing date Aug 23, 2022
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of WRS Realty
HighLights
- Established office building constructed in 2015.
- Rentable area of 73,027 RSF.
- Acquired in 2017 for $19,400,000.
- Major tenant: South Atlantic Division, Inc.
- Major tenant: Equifax.
- Major tenant: Cipher Pharmaceuticals US LLC.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.62M | $22.20 |
| − Vacancy | −$254.5k | −$3.49 |
| EGI | $1.37M | $18.71 |
| − OpEx | −$341.7k | −$4.68 |
| NOI | $1.03M | $14.04 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Charleston
- County
- Berkeley
- State
- South Carolina
- Longitude
- -79.8857
- Latitude
- 32.9266
