WAREHOUSE SPACE 2115 MONROVIA STREET CHARLESTON, SOUTH CAROLINA. 7,850 Square Feet for Lease in Upper Peninsula Presented by CC&T

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1 WAREHOUSE SPACE 2115 MONROVIA STREET CHARLESTON, SOUTH CAROLINA 7,850 Square Feet for Lease in Upper Peninsula Presented by CC&T March 8, 2017

2 PROPERTY OVERVIEW Monrovia Street 26 HIGHLIGHTS. 7,850 square feet at 2115 Monrovia Street in the Upper Peninsula area of Charleston. Lease rate - $15/SF NNN As-Is Warehouse Space Will consider a short-term lease Adjacent to Pacific Box & Crate, which includes high-tech office and food and beverage uses. PARCEL INFORMATION Monrovia Street: TMS: Acres: 0.5 Zoning: UP Upper Peninsula Improvements: 7,850 SF building 2

3 LOCATION. Charleston, South Carolina The iconic southern town of Charleston continues to prove why they were Voted the #1 city in the world by Travel + Leisure. The historic charm of downtown, economic growth, hospitality and over all quality of life are many of the reasons 48 new residents choose the Charleston Tri- County Area*. The Charleston metro has experienced unprecedented business growth and economic diversification, with both multinational corporations and fast-growing startups taking advantage of our globally competitive business environment. As of 2015, the Charleston SC Metro Area population is 744,546, growing at 3X the U.S. population average. Charleston has moved up to be the 75 th largest U.S. metro by population. It is experiencing a gain of well-educated young talent, adding to the growing labor force at 5X the U.S. average. *Includes Berkeley, Charleston and Dorchester counties Source: Charleston Regional Business Alliance The city s resilience, strength, and beauty are just a few of the reasons. Travel + Leisure; Why Charleston is the Number One City in North America 3

4 AERIAL Monrovia Street 4

5 LOCATION. Upper Peninsula Redevelopment Charleston s Upper Peninsula is transitioning from its heavy industrial and commercial roots to modern workplaces, retail, restaurants and dense housing. CITADEL STORAGE It is a place where locals go to live, work and play because of its unique character, corridor of high-tech businesses and local flavor. While this transition is happening, growth and development are on the rise. Source: Charleston Upper Peninsula Initiative; THE REFINERY 1600 MEETING STREET MAGNOLIA RUTLEDGE CAB CO. PACIFIC BOX & CRATE MEETING STREET STORAGE 5

6 AREA DEVELOPMENTS. Pacific Box & Crate Port City Bldg Pacific Box & Crate Site The Pacific Box & Crate development will transform an 80,000 square foot warehouse into a modern office and retail space with custom amenities for office users, while not losing the industrial grit of the building s spirit. Raven Cliff Development is leading the effort to create other amenityrelated uses such as a yoga and wellness studio by Ashley Bell, a 10,000-square-foot food hall spearheaded by Michael Shemtov of Butcher & Bee, and managed by Jonathan Ory, who is also relocating his own Bad Wolf Coffee from Chicago to the new building, and other soon-to-be announced additional food and beverage ventures. The first phase of the project will encompass approximately 130,000 square feet on almost ten acres of land. The new project is expected to be delivered in early

7 AREA DEVELOPMENTS. Magnolia Magnolia is a 100 acre mixed-use development that will include a mixture of office, retail, multi-family and hospitality buildings. The first phase of development is slated to begin in early The developer is a team comprised of WestRock, Pope & Land and Branch Properties. The initial infrastructure to the project was built pre-recession. The immediate area is seeing an influx of restaurants, office and retail users coming to the area as a scarcity of land is driving people to the Upper Peninsula. The overall timeline for the project is a 15 year build out. 7

8 FLOOR PLAN Monrovia Street 7,850 SF MONROVIA STREET 8