1115 SE 164th Avenue - Vancouver, WA
1115 Southeast 164th Avenue, Vancouver, WA, 98683, US
501,004 sf
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sales representative for 25 Calhoun, a Class A office asset totaling 65,216 square feet in Charleston’s sought after Peninsula submarket. The Property is currently 100% occupied with 5.2 years of WALT, boasts top of the line finishes, and is occupied by a notable tenant roster. The Asset has 53 spaces of parking underneath the building as well as an agreement with the adjacent Aquarium City Garage for 62 spaces allowing tenants ample parking. 25 Calhoun has experienced 18K SF+ of leasing in the past 24 months allowing Ownership to provide strong cash returns and mitigate rollover risk with a sticky rent roll.
25 Calhoun is located in the most accessible area of downtown Charleston, offering tenants unparalleled access to an abundance of retail and lifestyle amenities as well as access to I-26 and US-17. Notable neighborhoods in close proximity include Mount Pleasant, James Island, West Ashley and Daniel Island. As the largest city in South Carolina, Charleston is one of the fastest growing cities in the United States with high barriers to entry. With limited supply and limited land area to expand current infrastructure as a coastal metropolitan, this is an irreplicable opportunity to enter the market and take part of the growth that is to come.
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Attributes
Building area net
65,216 sf
Occupancy
100%
Year built
2011
Land area net
0.59 acres
WAULT
5.2 years
Media
Investment Highlights
- Rare opportunity to purchase on the Peninsula
- 100% leased with 5.2 years of WALT
- Significant mark-to-market opportunity to new development
- Excellent access to the greater Charleston metro
- High barriers for new development
- Health of peninsula - 91% office occupancy
Contact brokers
25 Calhoun (0 Properties)
