1200 Innovation Way, 200, Mount Pleasant, SC 29466
$25-$25
Property Type:
Commercial Lease
Square Footage:
44,958
Status:
Active
List Date:
8/02/2023
Last Modified:
10/09/2023
Description
1200 Innovation Way is a totally renovated, 3 story medical and general Class A office building of 44,958 RSF. The landlord is building out 7,244 RSF on the first floor for MUSC now. The building is ready for tenant upfit to suit. Parking is ample at 5/1000. Each floor is 16,880 rentable square feet and can be subdivided to a minimum Suite size of 2,500 RSF. The first floor rents are $26.00 NNN and each tenant may have its own exterior entrance. The upper two floor rents are $25.00 / RSF NNN. The operating costs are expected to be $8.00 with the tenants paying utilities and interior suite janitorial. Landlord will provide a generous upfit allowance. The third floor can provide 16,000 RSF with a private outdoor patio overlooking a large wooded area, The building is in walking distance to multiple retail stores and restaurants in the Market at Oakland Shopping Center.
More Information MLS# 31001525
Location
Street Number: 1200
Street Name: Innovation
Street Suffix: Way
Unit Number: 200
County: Charleston
Nearest MSA: Charleston-North Charleston, SC
Submarket/Township: 41 - Mt Pleasant N of IOP Connector
State or Province: SC
Postal Code: 29466
Parcel Number: 600-00-00-057
Opportunity Zone: No
General Information
Status: Active
Property Sub Type: Office
Listing Name: 1200 Innovation Way Office Building
Is Condo?: No
Property Condition: Existing
Build to Suit?: No
Class of Space: Class A
Space Type: New
Date Available: 2023-09-01
Lease Term: Negotiable
Building Area Total: 44958
Minimum SqFt Available: 2500
Maximum SqFt Available: 16880
Typical SqFt Per Floor: 16880
Lease Price/SqFt: 23.7
Contract Information
Listing Contract Date: 2023-08-02
High Price: 25
Low Price: 25
Low Price to High Price: 25
Compensation Payment Method: Call
Compensation Notes: Tenant Broker compensation contingent upon CBRE getting paid by the building ownership.
Building Related
Percent Occupied: 15
Tenancy: Multiple Tenants
General Condition: Excellent
Stories Total: 3
Year Built: 2010
Year Renovated: 2023
Parking Ratio: 51000
Number Of Buildings: 1
Land Related
Part of Planned Development?: No
Development Name: The Market at Oakland
In Flood Plain?: Yes
Directions & Remarks
Directions: Hwy 17 N turn on to Porchers Bluff Road. Turn onto South Morgan's Point Road. Building is on the right.
Public Remarks: 1200 Innovation Way is a totally renovated, 3 story medical and general Class A office building of 44,958 RSF. The landlord is building out 7,244 RSF on the first floor for MUSC now. The building is ready for tenant upfit to suit. Parking is ample at 5/1000. Each floor is 16,880 rentable square feet and can be subdivided to a minimum Suite size of 2,500 RSF. The first floor rents are $26.00 NNN and each tenant may have its own exterior entrance. The upper two floor rents are $25.00 / RSF NNN. The operating costs are expected to be $8.00 with the tenants paying utilities and interior suite janitorial. Landlord will provide a generous upfit allowance. The third floor can provide 16,000 RSF with a private outdoor patio overlooking a large wooded area, The building is in walking distance to multiple retail stores and restaurants in the Market at Oakland Shopping Center.
Status Change Info
Status Change Date: 2023-08-02
Building Detail
Core Factor: 18
Property Features
Existing Lease Type: NNN
Property Sub Type: Office
Current Use: Medical/Dental; Office
Parking Type: Surface
1st Floor Plan ›Listing Office: CBRE, Inc
Last Updated: October - 09 - 2023
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