Multifamily Property for Lease in Charleston, SC

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Multifamily Property
  • Location: Charleston, SC 29401

Description

Rare Opportunity to Own a STR-Licensed, Five-Unit Portfolio in the Heart of Historic Charleston CBRE is offering a bulk sale of five luxury condominium units in the renovated historic Masonic Lodge at 71 Wentworth St (270 King St), Each unit comes with one reserved, leased parking space in the adjoining parking garage. The units are 100% NNN leased to Inspirato. Inc., a publicly-traded luxury home club. The combined annual revenue for the five units is $759,917. The 10-year leases expire in 2034 with landlord's right to terminate beginning in July 2029. This portfolio is being offered unpriced. Please see our OM in Documents for a full description.

Market Context

This multifamily in Charleston, SC is listed for lease. It has been on the market for 163 days. Compare it against other multifamily listings for lease in Charleston, SC — <a href="/search/lease/multifamily/south-carolina/charleston">view the full market</a>.

As of Q4 2019, the Charleston multifamily market showed a 4.6% vacancy rate, average asking rents near $1804.00/unit/mo, and rents up 12.7% year over year. Source: Consensus Q4 2019 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Multifamily market FAQ

Is the Charleston multifamily market tightening or softening?
Vacancy is around 4.6%, with asking rents rising year over year (Q4 2019).

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