Fire Tower Portfolio

561 & 563 King Street, 9 & 9.5, 11, 13-15 Cannon Street, Charleston, SC 29403

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Price:

NOI:

Units

Rentable SF:

$35,000,000

1,628,455

35

33,678

Irreplaceable Zoning — Commercial STR Rights
The Portfolio sits within the only City-designated Short-Term Rental Overlay Zone in downtown
Charleston (approx. 10% of downtown land area) and the Accommodations Overlay
Zone, together permitting commercial STR operations at scale without owner-occupancy
requirements — entitlements that are nearly impossible to replicate.

Trophy Location on Upper King Street
Positioned at the high-visibility corner of King Street and Cannon Street, the Portfolio benefits
from exceptional foot traffic, proximity to Charleston’s finest dining, nightlife, and retail, and
walkability to major demand generators including CofC, MUSC, and a vibrant tourism corridor
attracting nearly 7.9 million annual visitors.

Stabilized, Diversified Income Stream
The Portfolio generates income from two complementary sources: professionally managed
commercial short-term rentals and four street-level retail tenants, providing stable base income
and diversified rent growth.

Newly Constructed and Recently Renovated Asset
The 21-unit building at 9 ½ Cannon Street was constructed in 2024 and features a sleek,
modern design with in-unit laundry, fully stocked kitchens, high-speed Wi-Fi, and access to
shared courtyard, terrace, and rooftop with panoramic views. Additionally, 563 King Street
and 9 & 11 Cannon Street were completely renovated and modernized in 2017, mitigating the
portfolio’s near term exposure to capital expenditure risk.

Significant NOI Upside
With Charleston’s tourism industry growing year over year at an exceptionally fast rate, this
portfolio’s short-term rentals are poised to benefit from consistent and strong annual increases
in operating income. The Portfolio’s pro forma NOI is projected to reach over $3M by Year 10,
representing a near doubling of NOI and revealing exceptional value add potential for investors.

For more information:

Robert Schmidt, CCIM

Director & Shareholder

(864) 678-5995

[email protected]

Peter Couchell, CCIM

Managing Director & Shareholder

(864) 678-5923

[email protected]

Lawrence Myers

Associate

864-313-2817

[email protected]

Documents

Property Summary

Property Type:

Retail & STR

Investment Summary

Confidentiality Agreement Form

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This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

Confidentiality Agreement

This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

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