118-134 Meeting St, Charleston, SC
Office building in Charleston, South Carolina with major tenants.
- Added:
- Mar 29, 2022
- Days on Market:
- 1544
- Last Refresh:
- May 20 at 8:29 pm
Property Features for 118-134 Meeting St
General Information
- Standard status
- Active
- Size
- 71,414 SF
- Lot size
- 0.42 Acres
- Property subtype
- OFFICE
Listing agent Patrick W. Marr
Listing office WRS Realty (843) 654-7888
Listing date Mar 29, 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
- High‑profile tenants include Pinnacle Bank, Cobalt Property Group, K&L Gates, Haynsworth Sinkler Boyd, and Gibbes Museum.
- Significant rentable area of 71,414 SF.
- Acquired in 2014 for $19,500,000.
- Established office building constructed in 1987.
- Office property type.
- Located in a desirable area.
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 | $1.59M | $22.20 |
| − Vacancy | −$248.9k | −$3.49 |
| EGI | $1.34M | $18.71 |
| − OpEx | −$334.1k | −$4.68 |
| NOI | $1.00M | $14.04 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Charleston
- County
- Berkeley
- State
- South Carolina
- Longitude
- -79.931
- Latitude
- 32.7778
