2790 CLEMENTS FERRY ROAD

Transcription

1 CHARLESTON / SOUTH CAROLINA 2790 CLEMENTS FERRY ROAD M U LT I - FA M I LY D E V E LO P M E N T O P P O R T U N I T Y DESIGNED FOR 204 UNITS

2 2790 CLEMENTS FERRY ROAD A total of Acres located at Clements Ferry Road and I Acres are considered upland acres. Designed for 204 Class A marshfront units with podium construction. Property located in the City of Charleston, Berkeley County Minutes away from Daniel Island shopping, Volvo Stadium, Boeing, the beach and more Major employers nearby are Blackbaud, Benefitfocus and Sparc ID # s, , , & All Due Diligence materials will convey ASKING PRICE $3,000,000

3 PROPERTY OVERVIEW Lot Size 6.2 high-ground acres plus a portion of the adjacent property utilized for ingress/ egress Due Diligence Materials On Hand Construction estimates for 204 units Development agreement with neighboring church Geotech Impact fee schedules Phase I Environmental City Zoning schedule All Engineering Reports Title Work Traffic Studies Wetland survey and preliminary JD Letter Alta Survey Seller will consider a Joint Venture

4 LOCAl map 2790 CLEMENTS FERRY ROAD Boeing Volvo Car Stadium Daniel Island 10 MILES 7 MILES 50 MILES < 2 MILES from Sullivan s Island beach from Boeing 787 & Charleston International Airport from I-95 from Volvo Stadium and Downtown Daniel Island shopping centers 15 MILES from Downtown Charleston

5 DANIEL ISLAND Daniel Island has a central location with close proximity to a range of things to see and do. A master planned coastal community where people live, work and play. Situated on 4,000-acres, there is a wide variety of traditional neighborhoods, hundreds of acres of parks, 23 miles of rivers and creeks and more than 18 miles of running and bicycle trails. The island s central downtown is a popular address for a growing array of schools, churches, shops, restaurants, medical offices and other conveniences. Diverse residential real estate and top ranked recreational facilities. The community has been recognized with some of the industry s top awards. Daniel Island is considered Charleston s Premier Island Town.

6 CIVIL SITE PLAN

7 ACCESS PLAN

8 APARTMENTS CONCEPTUAL PLAN

9 LEASE COMPS Address Year Built Units Vacancy Percent Average Asking Rent Cooper River Farms 650 Enterprise Blvd % $1.53/SF Wharf Island Park Dr in lease up $1.80/SF Simmons Park 211 River Landing Dr % $1.88/SF Daniel Island Village 455 Seven Farms Dr % $1.42/SF Talison Row at Daniel lsland 480 Seven Farms Dr % $1.39/SF Windward Long Point % $1.52/SF Central Island Square - Bldg Island Park Drive Under Construction 317 Sweetwater 170 Rebellion Farms Pl Under Construction 320 *SOURCE: COSTAR

10 2790 CLEMENTS FERRY ROAD PLEASE CONTACT THE LEASING TEAM FOR INFORMATION: Markus Kastenholz CBRE, INC. LICENSED REAL ESTATE BROKER 2017 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. PMStudio_ April2016. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.