MLS# 30651327 | 1035 Folly Road Charleston SC | subdivision
843-225-7007
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Charleston, SC 29412
- $583.16Price per SqFt
- 3,944SqFt
- 423Days on Market
- N/AZoning
- 2008Year Built
- RetailUse
- MLS# 30651327
- Commercial Sales
- Retail
- Sold
- Approx Time on MarketN/A
- AreaJames Island
- CountyCharleston
- SubdivisionN/A
Overview
This is a ground lease and BB&T constructed the building. Current year rent is $122,892.63. There are Four (4) Five (5) year renewal options. There are 2% annual escalations for each year of the current (initial) lease term and for each year of the option terms as well. - Four (4) Five (5) year renewal options - 2% annual increases throughout initial term and option periods- Average NOI over balance of initial term is $129,263- 1.3 AC site with an apprx 3944 SF freestanding all brick bank branch built by BB&T on an excellent high traffic Folly Road location
Sale Info
Listing Date: 01-30-2023
Sold Date: 12-22-2020
Listing Sold: 
3 Year(s), 3 month(s), 7 day(s) ago
Asking Price: $2,300,000
Selling Price: $2,300,000
Price Difference:
Same as list price
Building Info
Anchored: No
Year Built: 2008
Financial
Asking Price Type: Fixed Price
Garage / Parking
Lot Info
County: Charleston
Lot Acres Min: 1.300
Land Size: 1.30
Misc
Title: BB&T - 1035 Folly Road, Charleston, SC
Offer Compensation
Property Info
Second Property Subtype: Retail
Nearest Msa: Charleston-North Charleston, SC
Sale Terms: Cash
Property Type: A
Original Price: $2,300,000
Build To Suit: No
Property Use Type: Investment, Retail
Class Type: Retail
Sold Info
Sold Date: 2020-12-22T00:00:00
Sqft Info
Rentable Area: 3944
Unit Info
Utilities / Hvac
Courtesy of listing office Commercial Real Estate Ventures, LLC
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