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10 Westridge St - 10 WestEdge 52,606 SF Retail Condo Unit Offered at $34,613,249 CAD in Charleston, SC 29403
Investment Highlights
- A+ Charleston Medical District location, newer construction.
- Enjoy 3 years of high cash flow with 2.85% IO loan!
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 228 |
| Cap Rate | 5.00% |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| No. Parking Spaces | 228 |
Sale Notes
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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Publix | 52,606 SF | Retail | $34,613,249 CAD ($657.97 CAD/SF) | $1,730,662.44 CAD |
Unit Publix
| Unit Size |
| 52,606 SF |
| Condo Use |
| Retail |
| Price |
| $34,613,249 CAD ($657.97 CAD/SF) |
| NOI |
| $1,730,662.44 CAD |
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Unit Publix
| Unit Size | 52,606 SF |
| Condo Use | Retail |
| Price | $34,613,249 CAD ($657.97 CAD/SF) |
| NOI | $1,730,662.44 CAD |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| No. Parking Spaces | 228 |
| Sale Notes | |
| 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.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 373,850 SF | Typical Floor Size | 33,986 SF |
| Property Type | Multifamily (Condo) | Year Built | 2019 |
| Property Subtype | Apartment | Lot Size | 2.31 AC |
| Building Class | A | Parking Ratio | 2.78/1,000 SF |
| Floors | 11 | ||
| Zoning | MU-2/WH | ||
| Total Building Size | 373,850 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 11 |
| Typical Floor Size | 33,986 SF |
| Year Built | 2019 |
| Lot Size | 2.31 AC |
| Parking Ratio | 2.78/1,000 SF |
| Zoning | MU-2/WH |
Amenities
Site Amenities
- Controlled Access
- Fitness Center
- Pool
- Grill
- Bicycle Storage
- Elevator
- Pet Washing Station
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 30 | - | 521 - 569 |
| 1+1 | 226 | - | 627 - 932 |
| 2+2 | 94 | - | 952 - 1,527 |
Very walkable
80/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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Videos
Matterport 3D Exterior
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Photos
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Street
Map
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10 Westridge St - 10 WestEdge
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