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Mount Pleasant Office Investment

975 Johnnie Dodds Blvd, Mount Pleasant, SC

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For Sale

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Suburban office building in central Mount Pleasant with existing income.

Type:OFFICE

Property size:

9,649 SF

Lot size:

0.89 Acres

Price / SF:

$367/SF

HighLights

Existing income in place with a current NOI of approximately $245,000.
Centrally located in Mt Pleasant.
Over 30 parking spaces.
Easy access on/off Johnnie Dodds.
New roof installed in 2017.
Interior office features a mix of open space and private offices.

We can help!

Listing Contact

Joseph C Tecklenburg

For Sale

Contact for pricing

Suburban office building in central Mount Pleasant with existing income.

Type:OFFICE

Property size:

9,649 SF

Lot size:

0.89 Acres

Price / SF:

$367/SF

Added:: Aug 23, 2023
Days on Market:: 1027
Last Refresh:: May 20 at 9:55 pm

Property Features for 975 Johnnie Dodds Blvd

General Information

Standard status: Active
Size: 9,649 SF
Lot size: 0.89 Acres
Property subtype: OFFICE

Properties For Sale

at 975 Johnnie Dodds Blvd Contact us

We can help!

Listing Contact

Joseph C Tecklenburg

Listing agent Joseph C Tecklenburg License #SC 89603

Listing office Clement, Crawford & Thornhill

Listing date Aug 23, 2023

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 Clement, Crawford & Thornhill

HighLights

Existing income in place with a current NOI of approximately $245,000.
Centrally located in Mt Pleasant.
Over 30 parking spaces.
Easy access on/off Johnnie Dodds.
New roof installed in 2017.
Interior office features a mix of open space and private offices.

Overview

This suburban office investment property is centrally located in Mount Pleasant, South Carolina, with easy access to Johnnie Dodds Boulevard. The building offers existing income and a current net operating income of approximately $245,000. The property features numerous exterior upgrades, and the interior office space includes a mix of open areas and private offices suitable for various professional office users. A new roof was installed in 2017. The property includes over 30 parking spaces.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$289.5k	$30.00
− Vacancy	−$20.3k	−$2.10
EGI	$269.2k	$27.90
− OpEx	−$67.3k	−$6.98
NOI	$201.9k	$20.92

9,649 SF · lease $30.00/SF/yr · vacancy 7.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.88M

$2.52M – $3.37M (±1% cap)

NOI $201,905 @ 7.0% cap · market cap 5.69%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.50M

$3.06M – $4.09M (±1% cap)

NOI $245,182 @ 7.0% cap · market cap 6.91%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

AP Recovery, Inc. Accounting Firm Tim Loss - CMG ... Loan Service Ricky Boscio - CMG ... Loan Service Luke Billman - CMG ... Loan Service Kenneth Nelson - CMG ... Loan Service

Suggested Use

Location Insight

Map
Local Demand

City: Mount Pleasant
County: Charleston
State: South Carolina
Longitude: -79.8693
Latitude: 32.8097

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For sale
Office buildings
SC
Mount Pleasant
975 Johnnie Dodds Blvd

What type of property is this?

Office building - Suburban office building in central Mount Pleasant with existing income.

Where is this office building located?

The property is located at 975 Johnnie Dodds Blvd Mount Pleasant, SC.

What is the asking price?

The asking price for this property is $3,550,000.

What are key features of this property?

This property features: Existing income in place with a current NOI of approximately $245,000.; Centrally located in Mt Pleasant.; Over 30 parking spaces.

975 Johnnie Dodds Blvd, Mount Pleasant, SC

Suburban office building in central Mount Pleasant with existing income.

Property Features for 975 Johnnie Dodds Blvd

General Information

Properties For Sale

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Leased Flex Warehouse Investment

Charming Duplex in Old Village

Redevelopment Opportunity in Mount Pleasant

Two-Story Retail Building with Redevelopment

Mount Pleasant Warehouse/Distribution Opportunity

Multi-Tenant Office Building For Sale

Mount Pleasant Office Building For Sale

Wando Park Second-Floor Office Condo

Mount Pleasant Office Condominium

First-Floor Office Suite with Patio

Retail Property in Mount Pleasant

Dual-Tenant Retail Investment Opportunity

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