102 Berkeley Square Ln Goose Creek, SC 29445
- Super regional malls
- 5,250 SF
Current Use by Public Records
- Super regional malls
Property Details for 102 Berkeley Square Ln
- Property size
- 5,250 SF
- Zone code
- GOOSE CREEK - GC
- Property type
- Super regional malls
- APN
- 243-08-06-030
- APU
- 2430806030
Description
This exceptional investment opportunity presents a 5,250 square foot retail property located at 102 Berkeley Square Ln, Goose Creek, South Carolina, 29445. The property boasts a strong 6.49% cap rate and a net operating income (NOI) of $60,327, with an asking price of $930,000 ($177.14 per square foot). Currently operating primarily under a gross lease agreement, this strip center has enjoyed consistent full occupancy for years. Approaching lease renewals in 2024 offer a strategic chance to transition to triple-net (NNN) leases, allowing for increased rental rates, as current rates are slightly below market value. This presents a significant opportunity to enhance profitability. The property's APN is 2430806030. Furthermore, the owner is open to packaging this property with another strip mall located at 1010 Old Hwy 52, providing potential for a larger, more diversified investment portfolio. This is an excellent opportunity for investors seeking a stable, high-yield retail investment in a growing South Carolina market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Goose Creek
- County
- Berkeley
- State
- South Carolina
- Longitude
- -80.0392
- Latitude
- 33.0019
- CBSA code
- 16700
- CBSA name
- CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA
