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1522 Oakhurst Dr

6,340 SF 100% Leased Office Building Charleston, WV 25314 £614,631 (£97/SF) 7.80% Net Initial Yield

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Investment Highlights

Completely renovated in 2020 with many updates. Please contact us for a full list!
Convenient location - Only minutes from downtown Charleston, restaurants, shopping, and much more.

Fully leased with established tenants. A great incoming producing complex for an investor looking to grow their portfolio.

Executive Summary

This meticulously renovated 4-unit commercial property offers modern amenities in an unbeatable location. Boasting just shy of $550,000 in upgrades, every inch of this property was revitalized in 2020 to provide a premium experience for both business owners and tenants. Exterior renovations include: new roof; sheathing and stucco; commercial-grade windows and doors for enhanced curb appeal and security; new soffit, fascia, and 6-inch gutters. Interior renovations include but are not limited to: fully updated electrical, plumbing, and HVAC systems; sleek new drywall and fresh paint throughout; stylish interior doors and light fixtures; Luxury Vinyl Plank (LVP) commercial-grade flooring and carpet; modern kitchenette with granite countertops and stainless steel appliances. These buildings are fantastic for an investor looking for a high-end and professional turn-key property to add to their portfolio. Don't miss out on this rare opportunity to own a fully leased commercial property!

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£62,905	£9.92
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£62,905	£9.92
Taxes	-	-
Operating Expenses	-	-
Total Expenses	£15,373	£2.42
Net Operating Income	£47,532	£7.50

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£62,905
Annual Per SF	£9.92

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£62,905
Annual Per SF	£9.92

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	£15,373
Annual Per SF	£2.42

Net Operating Income
Annual	£47,532
Annual Per SF	£7.50

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Building Size

6,340 SF

Building Class

Year Built/Renovated

1980/2020

Price

£614,631

Price Per SF

£97

Net Initial Yield

7.80%

NOI

£47,941

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Typical Floor Size

3,170 SF

Slab to Slab

10 ft

Building FAR

0.35

Land Acres

0.42 AC

Opportunity Zone

Yes

Zoning

Commercial - Commercial-Office

Parking

22 Spaces (3.47 Spaces per 1,000 SF Leased)

Amenities

24 Hour Access
Signage
Kitchen

Accent Lighting
Reception
Basement

Central Heating
Open-Plan
Recessed Lighting

Air Conditioning
Smoke Detector

MAJOR TENANTS

Finance and Insurance
-
-
Triple Net
-

Since 1922, Edward Jones has worked to create a better future for their clients and their families and communities in the U.S. and Canada, one relationship at a time. Their advice is based on a disciplined, established process that centers on their clients, who are individual investors, and the goals they're trying to achieve. Each client benefits from a personalized relationship with their financial advisor, who is supported by the resources of a Fortune 500 firm. Every aspect of the firm’s business – from the types of products and services they offer to the locations of their branch offices – is designed to cater to individual investors in the communities in which they live and work. This business model has helped fuel remarkable growth for the firm and helped clients realize the possibilities for their futures.