Upper King St Portfolio – Furman Capital Advisors

Upper King St Portfolio

Upper King St Portfolio -

561-563 King St & 9-15 Cannon St, Charleston, SC 29403

Marketing Description

Furman Capital Advisors is pleased to offer the opportunity to purchase 100% fee simple interest in the Upper King St Portfolio located at the corner of King Street and Cannon Street in Charleston, SC in one of the country’s most desirable Opportunity Zones. The offering consists of i) an existing +/-15,960 SF income-producing mixed-use development, and ii) a ±0.14 acre pad ready site with a fully permitted and approved +/-17,652 SF, 21 unit Apartment building that could be constructed by Buyer, allowing a Buyer to take full advantage of the tax benefits offered in an Opportunity Zone. This offering along Upper King Street in the center of downtown Charleston is one of the most sought after retail and hospitality locations in the world.

In addition to being located in one of the country’s most desirable Opportunity Zones, the property is perfectly positioned in the heart of Charleston’s newly established Short-Term Rental Overlay Zone AND the Accommodation Overlay Zone, providing the Buyer an extremely rare opportunity to operate commercial short-term rentals in Downtown Charleston.

With its location in the heart of Charleston’s most progressive street, the Upper King St Portfolio is positioned to be a prominent asset for decades to come.

Investment Highlights

  • Located in one of the country’s most desirable Opportunity Zones
  • Income producing and construction ready
  • Portfolio includes a developable +/-0.14 acre pad-site with a fully permitted and approved 21 unit apartment development (built at buyers discretion) allowing a Buyer to take full advantage of the Opportunity Zone benefits
  • Irreplaceable location at the corner of King and Cannon Streets in Downtown Charleston
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Confidentiality Agreement Form

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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