Mar
03

Mt Pleasant Office Building Sells for $462 per Square Foot

By

– The Post and Courier

It’s another sign that the real estate downturn’s icy grip on commercial buildings is beginning to thaw.

The sleek Automated Trading Desk campus in Mount Pleasant changed hands recently in a deal valued at $462 a square foot, likely the most ever paid for a local office property based on that closely watched measurement.

The $27.25 million sale, to New York-based American Realty Capital, was announced Wednesday. The deal was finalized Feb. 18, said Adam Basch of CB Richard Ellis, which represented the seller, Flagship Capital Partners of Charlotte.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE
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BLOG NOTE:
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I toured this building in 2005 and it is incredible. Don’t expect it to be used as a comparable in any South Carolina appraisals anytime soon…….
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Mike Dodds

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