Q2 2012 Charleston, South Carolina Office Property Sales Analysis

CRE Resources

View our Charleston, South Carolina Submarket Map

Q2 2012 Charleston, South Carolina Office Property Sales Analysis


Sales that meet Reis’ criteria have been minimal. The two small deals that closed during the second quarter for a combined total of $5.2 million ($236 psf) were the first since the second quarter of 2011. The mean cap rate for the two was 6.8%. In the quarter’s largest transaction, Pastime Amusement Company paid WPB LLC $3.0 million ($194 psf) for a 15,439-square-foot property on Wando Park Boulevard in Mount Pleasant.