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Investment Highlights

  • Stabilized Trophy Assets on King Street
  • World Class Urban Corridor
  • High Credit Retail
  • High Barrier to entry and impossible to duplicate

Executive Summary

Price Reduced - Inquire to learn more. Charleston Commercial, on behalf of ownership, is pleased to exclusively offer the King Street Retail portfolio to qualified Buyers. The offering includes three separate properties / parcels, referred to as 153 King Street, 263 King Street, and 279 King Street. The properties sit within the heart of the retail corridor of King Street, one of the most desirable urban corridors in the Southeast. The offering boasts high credit retail tenants including Lululemon, Buck Mason, and Lake Weekend.
All of the retail tenants feature triple net leases with annual increases. 153 King Street is an STNL offering. 263 King Street features ground floor retail and includes two office tenants, which are also on long term leases.
All tenants have either recently signed new leases or exercised lease extensions providing investors with substantial base term.
Located along the heart of King Street, amongst luxury retail, hotels, and world class restaurants, the portfolio features credit retailers co-existing in one-of-a-kind historic properties. This highly sought after corridor creates high barriers to entry, and near impossible to replicate.

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Property Facts

Price $27,593,347 CAD
Price / SF $2,169 CAD / SF
Sale Condition 1031 Exchange
Cap Rate 4.60%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 12,721 SF
Total Land Area 0.24 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
263 King St, Charleston, SC 29401 Office 8,321 SF 1900 -
153 King St, Charleston, SC 29401 Retail 4,400 SF - -
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  • Listing ID: 29928415

  • Date on Market: 2023-10-31

  • Last Updated:

  • Address: King Street Portfolio, Charleston, SC

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