Jan
18

32,565 Square Foot Office Building in Charleston Sold

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Frank Norvell and Drayton Calmes of Norvell Real Estate Group LLC represented the seller, Corporate Square II L.P., in the $3 million sale of Corporate Square II, 4925 LaCross Road, North Charleston to REVA Charleston LLC.

From Loopnet:
Tenants include Securitas, Hearst Corporation, Carotrans, Family Services and Logisticare. 32,565 SF, 96% occupied multi-tenant office building located in one of Charleston’s most established office parks. Close proximity to new Boeing facility, N. Charleston City Hall, First Federal HQ, Verizon operations center, and numerous restaurants & retail amenities. Built in 1985 on 1.47 acres. Loopnet shows the asking cap rate at 10%.
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