102 Berkeley Square LnGoose Creek, SC 29445

Property Details for 102 Berkeley Square Ln

Property size (Sq ft)

5,250 SF

Zone code

GOOSE CREEK - GC

Property type

Super regional malls

APN

243-08-06-030

APU

2430806030

Description

This exceptional investment opportunity presents a 5,250 square foot retail property located at 102 Berkeley Square Ln, Goose Creek, South Carolina, 29445. The property boasts a strong 6.49% cap rate and a net operating income (NOI) of $60,327, with an asking price of $930,000 ($177.14 per square foot). Currently operating primarily under a gross lease agreement, this strip center has enjoyed consistent full occupancy for years. Approaching lease renewals in 2024 offer a strategic chance to transition to triple-net (NNN) leases, allowing for increased rental rates, as current rates are slightly below market value. This presents a significant opportunity to enhance profitability. The property's APN is 2430806030. Furthermore, the owner is open to packaging this property with another strip mall located at 1010 Old Hwy 52, providing potential for a larger, more diversified investment portfolio. This is an excellent opportunity for investors seeking a stable, high-yield retail investment in a growing South Carolina market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,599,173

  6.5%

  $1,476,160

  7%

  $1,370,720

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,182,754

  Geo Method

  $2,240,368

• Alternative Use

  Use

  Valuation

  Residential

  $1,245,196

  Hospitality

  $1,140,593

  Educational

  $948,960

  Medical

  $981,596

  Retail

  $1,476,160

Location Insight

City

Goose Creek

County

Berkeley

State

South Carolina

Latitude

33.0019

Longitude

-80.0392

CBSA code

16700

CBSA name

CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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