102 Berkeley Square LnGoose Creek, SC 29445
- Retail properties
- 5,250 SF
Property Details for 102 Berkeley Square Ln
- Property size (Sq ft)
- 5,250 SF
- Zone code
- GOOSE CREEK - GC
- Property type
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].