For sale: 2-story, class B office building on Daniel Island

146 Fairchild Street

The Headquarters Building | Charleston, SC 29492

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Property details

Stats

  • Year built 1996
  • Building class B
  • Year renovated 2019
  • Building size (SF) 67,000
  • Lot size (Acres) 11.6
  • Zoning DI-GO (General Office)

Overview

Nestled on picturesque Daniel Island, just 15 minutes from downtown Charleston, 146 Fairchild Street or “The Headquarters Building”, offers a well-maintained, scenic campus setting in a highly accessible location. Located directly off the River Landing exit of Interstate 526 and the last exit north of the Wando River, the property offers quick access to both Mt. Pleasant and North Charleston.


The building hosts a high-quality tenant mix, with no single tenant occupying more than 15.9% of the building, ensuring a diversified base of tenants. The Charleston office market is in an expansionary phase, signaling the potential for robust growth and strong returns for investors positioned to take advantage of the slower than average capital markets’ climate.


Positioned as a prime value-add investment opportunity, this property is priced at a significant discount to replacement cost (>50%), presenting an exceptional opportunity for the astute investors. The combination of its attractive setting, competitive rental rates, and the high barriers to entry posed by the coastal location in the thriving Charleston market makes this property a highly compelling investment opportunity for investors with the long view in mind.

Highlights

Well-maintained, attractive campus 15 minutes from downtown

Quality tenant mix with largest tenant only 15.9 % of the building

W.A.L.T. of current tenants is 2.7 years

Opportunity to acquire at well below replacement cost
Value-add investment opportunity

Average rental rate approx.15% below market asking rate ($30.10 psf vs. $35.75 psf)

Local office market is in “expansion phase” of economic cycle

On master planned Daniel Island, near numerous shops & restaurants

Flyer

Brochure

Team

Gary Lyons, CCIM SIOR

Gary Lyons, CCIM SIOR

Principal | Capital Markets
Avison Young - US - SC - Greenville
+1 864 535 5142
+1 919 323 0118
Ashley Jackrel, CCIM

Ashley Jackrel, CCIM

Senior Vice President
Avison Young - US - SC - Charleston
18433270124
Leslie Fellabom

Leslie Fellabom

Senior Vice President
Avison Young - US - SC - Charleston
18434427492