Office

Office in Mount Pleasant, SC

1200 innovation way, mount pleasant, SC 29466

Price

Price on request

Price/Sq Ft

$28.00

Description

Renovated 3 Story Class A Office/Medical Office Totally renovated, 3 story medical and general Class A office building of 45,258 RSF. The first floor is now fully leased to include MUSC. The building is ready for tenant upfit to suit. Parking is ample at 4.5/1000. Lease list price is $28.00 / RSF with operating rent at $11.47 /RSF plus tenant pays utilities and in-suite janitorial. Landlord will provide a generous upfit allowance.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

1200 innovation way, mount pleasant, SC 29466

Leaflet © OpenStreetMap contributors

Financial Details

Lease TypeTriple Net (NNN)

Market Context

As of Q3 2017, the Charleston office market showed rents up 4.5% year over year, and cap rates around 5.0%. Source: multiple brokerages Q3 2017 market report.

Projected current pricing

low confidence

Projected asking rent

$31.54/SF/yr

Estimated sale value

$184–$239/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 curated:Lee & Associates Q3 20 data (cap rate 7.9%, asking rent held flat).

View the full Charleston Office market report →

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

Compare it against other office listings for lease in Mount Pleasant, SC to benchmark pricing and space — view the full market.

Office market FAQ

What is the typical cap rate for office in Charleston?: About 5.0% as of Q3 2017, per multiple brokerages.

Unified Estimate

Very Low Confidence

$17.85/SF/mo-$24.15/SF/mo

Mid: $21.00/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market indianapolis (similarity: 100%) with 10 comparable listings.

Lease Rate & Market Trend

Market report quarterly trend fallback

Low Confidence

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.