Phenomenal downtown Charleston location100% Occupied

12 on-site parking spaces

8 units, 26 bedrooms

Ground-floor commercial

Sales Price: $4,750,000

26-Bed Boutique Student Housing in theOpportunityZone145 ST. PHILIP STREETCHARLESTON, SC 29403

FOR MORE INFORMATION:E. David Grubbs, Jr.Broker | Partner 843.814.6111dgrubbs@naicharleston.com

145 ST. PHILIP STREET

145 St. Philip Street in historic downtown Charleston is a unique opportunity to purchase a fully-stabilized student housing and commercial building at the College of Charleston.

Premier private student housing

Located in the center of downtown Charleston

Walkable to the entire College of Charleston campus, Historic King Street and a plethora of dining entertainment and urban amenities

A SC Opportunity Zone-qualified sitewww.scopportunityzone.com

Priced well below replacement costs and area comps

Strong annual NOI since being redeveloped in 2012-13

Firm upside from rent escalations on all units including the ground-floor commercial space

Well-managed, with ability to further reduce operating expenses

ABOUT THE PROPERTY

EXECUTIVE SUMMARY

145 ST. PHILIP ST.

Property Address:

Price:

Financials:

Residential:

Ground-Floor Commercial:

Parking:

Parcel ID/Tax ID:

Year Built:

Year Renovated:

Zoning:

145 St. Philip Street

$4,750,000

*Provided upon request

8 units, 26 bedrooms

±3,850 RSF

12 spaces on site

460-12-03-009

1850

2012-2013

DR2

*Contact David Grubbs for full financial information

145 ST. PHILIP ST.

LOCATED WITHIN THE OPPORTUNITY ZONE

145 ST. PHILIP ST.

ZONING & O-ZONE MAPS

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145 St. Philip St.

145 St. Philip St.

Opportunity Zones are a newcommunity development programestablished by Congress as a part

of the Tax Cuts and Jobs Act of2017. This program provides a

federal tax incentive for taxpayerswho reinvest unrealized capital

gains into “Opportunity Funds,”which are specialized vehicles

dedicated to investing in lowincome areas called “Opportunity

Zones.”

Charleston Opportunity Zone Map

145 ST. PHILIP ST.

AREA AMENITIES

This map was created using geothinQ. geothinQ is a GIS web-based application created and powered by Thomas and Hutton www.geothinQ.com

GQ QUICK MAP

THEME

04/11/2018

King St. C

orridor

Marion Square

TheBattery

SC Aquarium &

Liberty Square

MUSC

The Citadel

Hampton Park

WestEdge

Upper PeninsulaNoMo

C of C

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145 St. Philip St.

145 St. Philip St.

AREA OVERVIEW

145 ST. PHILIP ST.

145 St. Philip Street is located in the heart of downtown Charleston, surrounded by hundreds of restaurants, shops and businesses

It’s central location makes it easy for residents to walk to numerous destinations throughout the peninsula

Located just blocks from the College of Charleston, 145 St. Philip Street is the ideal off-campus living situation for students

Less than 1.5 miles to I-26 and Highway 17, providing convenient access to Mt. Pleasant, North Charleston, West Ashley & James Island

Close proximity to MUSC, WestEdge and the Medical District

YELLOW = O-ZONE

This map was created using geothinQ. geothinQ is a GIS web-based application created and powered by Thomas and Hutton www.geothinQ.com

GQ QUICK MAP

THEME

04/11/2018

Bank

Education

Food

Healthcare

Historical

Lodging

POI

Public Service

Retail

WALKER’S PARADISE145 St. Philip Street has a 96% walkability rating, considered to be “Walker’s Paradise,” according to Walk Score.

11,000+

12,956 SF

The number of students enrolled at the College of Charleston

Of mixed-use space is available inside 145 St. Philip Street

LOCATION OVERVIEW

King Street Corridor

College

of

Charleston

Spring Street Corrid

or

Calhoun Street

St. Philip Street↓

145 St. Philip St.

#1Best City in the US

#5Most Up-and-Coming City in

America

#1Mid-Size City Millenials are Moving To

145 ST. PHILIP ST.

FOUNDED IN 1770OVER 11,000 STUDENTS60 MAJORS77 MINORSMORE THAN 500 TEACHER-SCHOLARSTHE UNIVERSITY OF CHARLESTON S.C. GRADUATE PROGRAM WAS FOUNDED IN 1992

Located in the heart of historic Charleston, the College of Charleston is a nationally recognized public liberal arts and sciences university. Founded in 1770, the College is among the nation’s top universities for quality education, student life and affordability. Its beautiful and historic campus, combined with contemporary facilities and cutting-edge programs, attracts students from across the U.S. and around the world.

ABOUT THE COLLEGE

145 ST. PHILIP ST.

Charleston’s Iconic View

South Carolina’s Largest Aquarium

ARTHUR RAVENEL JR. BRIDGE

SOUTH CAROLINA AQUARIUM

JUST ACROSS THE PENINSULA, 145 ST. PHILIP STREET RESIDENTS ARE ABLE TO ACCESS THE 2.7-MILE PEDESTRIAN WALKWAY/BIKEWAY ALONG THE RAVENEL BRIDGE.

LOCATED ALONG THE CHARLESTON HARBOR, THE SOUTH CAROLINA AQUARIUM IS HOME TO MORE THAN 10,000 PLANTS AND ANIMALS.

1.5 MILES OF DISUSED RAILROAD WILL BE CONVERTED INTO THE LONG-AWAITED LOWCOUNTRY LOWLINE LINEAR PARK, RUNNING FROM COURTLAND AVENUE TO WOOLFE STREET. INSPIRED BY THE HIGH LINE IN NEW YORK CITY, THE LOWLINE WILL GIVE RESIDENTS THE OPPORTUNITY TO ENJOY THE REVITALIZED UPPER PENINSULA.

Not only is downtown Charleston home to dining, shopping and working, it is home to natural attractions including the future Lowcountry Lowline, the pedestrian entrance to the Ravenel Bridge and unique wildlife displayed at the South Carolina Aquarium. 145 St. Philip Street is a short distance from all of these attractions, which offer a breath of fresh air from the commercial King Street corridor.

LOWCOUNTRY LOWLINE

NEARBY ATTRACTIONS

Coming to Downtown Charleston Soon

145 ST. PHILIP ST.

145 ST. PHILIP STREET

Historically, student housing developers have experienced substantial barriers to bringing new product to downtown Charleston. The metro’s most desirable submarket has some of Charleston’s most strict building restrictions, primarily in the portions of the peninsula perceived to have greater historical significance.

145 St. Philip has a strong track record and is anchored to continue serving the marketplace. This development is unparalleled on the peninsula and presents the perfect opportunity for an investor looking to capitalize on downtown Charleston’s rapid growth.

ABOUT THE PROPERTY

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145 St. Philip St.

PROPERTY PHOTOS

145 ST. PHILIP ST.

GROUND FLOOR PLAN

145 ST. PHILIP ST.

FIRST FLOOR PLAN

145 ST. PHILIP ST.

SECOND FLOOR PLAN

145 ST. PHILIP ST.

23.5%INCREASE IN

EMPLOYMENT OVER THE LAST DECADE

±26,000JOBS FORECASTED TO BE ADDED IN NEXT 5 YEARS

TOURISM ±4.9 MILLIONVISITORS ATTRACTED

$ GENERATED IN ECONOMIC IMPACT

±3.3 BILLION

±13.9 BILLION

$ PUMPED INTO CHARLESTON

AVIATION MAKES UP

KEY ECONOMIC DRIVERS

Future

2004

1994

PORT OF CHARLESTON

±53 BILLIONANNUAL ECONOMIC ACTIVITY

±187,600JOBS CREATED

AUTOMOTIVE

HIGHEST EMPLOYMENT

CONCENTRATION FOR TRANSPORTATION

EQUIPMENT MANUFACTURING

±500 MILLION #2$ INVESTMENT FROM

BOTH VOLVO AND MERCEDES-BENZ

WORKFORCE

AVIATION

40%

HARBOR DEPTH OVER TIME

OF LOCAL ECONOMY761,000

POPULATION34

ON AVERAGE, THE AREA SEES 34 NEWCOMERS

PER DAY

Source: Charleston Regional Development Alliance

CHARLESTON FACTS

145 ST. PHILIP ST.

CHARLESTON ACCOLADES

145 ST. PHILIP ST.

NATIONWIDE RECOGNITION

#1 World's Best City Travel+Leisure, 2017, 2016

#1 US CityConde Nast TravelerFor The Past 7 Years Readers’ Choice Awards

#1 Best City in the U.S. and Canada Travel+Leisure, 2016, 2015, 2014, 2013

#2, Top 10 Best Cities in the World OverallTravel+Leisure, 2015, 2014, 2013

#7, Best Places to Retire in the U.S.Conde Nast Traveler, 2015

“Best Places to Live in the U.S.” Outside Magazine, 2014

SOUTHERN HOSPITALITY

#1 South’s Best CitiesSouthern Living Magazine, 2017

One of America’s Most Charming CitiesTravel+Leisure, 2015

"Top 10 Friendliest Cities in the U.S.” Conde Nast Traveler2015 & 2014 Readers’ Choice Awards

#2 Most Romantic City in the SouthHuffington Post, 2015

"Top 10 Best Food Cities in America"The Washington Post, 2015

"Top 10 Best Small City Hotels in the U.S." Home to 4 on the list, Travel+Leisure, 2015

One of the Best Places for Business & CareersForbes.com, 2015

#1, "Mid-Sized City Millennials Are Moving To"Headlight Data, 2015

#2, “Hot Real Estate Markets to Watch”Forbes.com, 2015

Top 10 for Best Cities for Job Growth Newgeography, 2016

#2, “Best Business Climate in the Country”Site Selection Magazine, 2016

GROWING BUSINESS

141 Williman StreetCharleston, SC 29403843.720.4944

naicharleston.com

THE INFORMATION CONTAINED HEREIN HAS BEEN GIVEN TO US BY THE OWNER OF THE PROPERTY OR OTHER SOURCES WE DEEM RELIABLE. WE HAVE NO REASON TO DOUBT ITS ACCURACY, BUT WE DO NOT GUARANTEE IT. ALL INFORMATION SHOULD BE VERIFIED PRIOR TO PURCHASE OR LEASE.

FOR MORE INFORMATION:

E. David Grubbs, Jr.Broker | Partner 843.814.6111dgrubbs@naicharleston.com