5841 Rivers AveNorth Charleston, SC 29406

Property Details for 5841 Rivers Ave

Lot size

4.74 AC

Property type

Office properties

Property subtype

Office buildings

APN

472-04-00-192

APU

4720400192

Description

This exceptional sublease opportunity presents 2,400 square feet of meticulously designed creative office space within the 10 Mile on Rivers complex. Suite 102 boasts a thoughtfully configured layout, including a dedicated reception area, a separate breakroom, and expansive open work areas. Originally built as a video production facility, the space retains unique features such as a green screen studio, ideal for media-related businesses or those seeking a distinctive workspace. The sublessor is flexible and open to various lease terms and minor space modifications to accommodate specific tenant needs. The suite showcases modern finishes including polished concrete floors and energy-efficient LED lighting, complemented by the building's new mechanical systems. Tenants benefit from access to shared amenities within the 10 Mile on Rivers complex, such as multiple impromptu meeting areas, touchdown spaces, and a well-appointed tenant conference center. Ample parking is available, enhancing convenience for employees and visitors. The entire complex offers a desirable campus-like environment, fostering a collaborative and productive atmosphere. The total building size is 22,222 square feet, and the property is designated as a multi-tenant office building. This sublease is perfect for a company seeking a unique and well-equipped space in a vibrant setting.

• CAP approach

  CAP return

  Valuation

  6%

  $42,784,284

  6.5%

  $39,493,184

  7%

  $36,672,244

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,458,652

  Geo Method

  $34,964,308

• Alternative Use

  Use

  Valuation

  Residential

  $48,971,548

  Hospitality

  $44,857,676

  Educational

  $37,321,060

  Medical

  $38,604,588

  Retail

  $58,054,980

Location Insight

City

North Charleston

County

Charleston

State

South Carolina

Latitude

32.9005

Longitude

-80.0195

CBSA code

16700

CBSA name

CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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