10 Westridge St - Apartments CONDO FOR SALE


Charleston, SC 29403- Westside Charleston
$25,000,000 USD
303-901-2120
10 Westridge St, Charleston, SC for Sale
$25,000,000 USD
Apartments CONDO - FOR SALE
1/5
null | 5% Cap Rate

10 Westridge St
Charleston, SC 29403
Westside Charleston


HIGHLIGHTS

  • A+ Charleston Medical District location, newer construction.
  • Enjoy 3 years of high cash flow with 2.85% IO loan!

OVERVIEW

Premium A+ real estate in Charleston Medical Center District! Prime long term NNN solid gold credit of Publix corporate. 16+ years remaining on initial term. Assumable 2.85% financing! 6%+ Cash on Cash return, years 1-3 while on IO. Income increases in subsequent terms. Built-in Publix customer base with 350 apartment units in same building above the store. This 350 unit Apartment Building is owned by an Investment Company, purchased for $134M in 2021.

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$475 USD /SF

CAP RATE

5%

# OF UNITS

1

CONDO SIZE

-

% LEASED

93%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 WestEdge

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

373,850 SF

STORIES

11

BUILDING CLASS

A

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

228

LAND DETAILS

LAND ACRES

2.31 AC

LAND SF

100,624 SF

ZONING

MU-2/WH

APN/PARCEL ID

460-00-00-036,460-00-00-037,460-00-00-039,460-00-00-040

ASK ABOUT THIS PROPERTY

Paul ZakovichBiltmore Realty Ltd.More Info
303-901-2120

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Paul ZakovichBiltmore Realty Ltd.More Info
303-901-2120

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.