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|Building Area Net||
|Number of units||10|
Jones Lang LaSalle Americas, Inc., a South Carolina licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for 364 King St. (“the Property” or “the Center”), a 12,611 square foot mixed-use asset containing 10 multifamily units on top of two ground floor retail tenants: Groucho’s and Five Guys. The 100% occupied property is located along King Street in the heart of Charleston, SC, a fast-growing global destination for not only tourism but also businesses, being considered an attractive destination for millennial talent.
- DOWNTOWN CHARLESTON LOCATION
- SIGNIFICANT MARKET RENT UPSIDE IN NEAR TERM
- GROUCHO'S LEASE EXPIRES DEC-22, FIVE GUYS CURRENT TERM EXPIRES OCT-24*
- RENOVATION OPPORTUNITY OF 10 MULTI-FAMILY UNITS TO OBTAIN $400-$700 RENT SPREAD PREMIUMS
- DOUBLE-DIGIT POPULATION GROWTH
- POTENTIAL FOR REDEVELOPMENT / RECONFIGURATION OF THE RETAIL AND MULTIFAMILY TO ENHANCE LAYOUT AND ADD SQUARE FOOTAGE
*One (1) more Five (5) Year option available