REVA offering investment in Charleston, S.C., Class B office building
Richmond, Va.,— Real Estate Value Advisors (REVA) is pleased to announce it has launched a 1031 Exchange eligible investment offering for Ashley Corporate Center, a Class B office building in the North Charleston submarket of Charleston, S.C.
The Ashley Corporate Center comprises 54,085 square feet, sits at the front of executive office park Faber Place, boasts easy access to Interstate 526, ample parking and a convenient location less than 10 minutes from Charleston International Airport.
The building is 76 percent leased and its owner announced plans to upgrade the lobbies, restrooms and roof.
Richmond, Va.-based REVA Managing Director Steve Sadler called Ashley Corporate Center a great value for owners and tenants alike and said “our expectation is that with the planned upgrades we’ll see even better value and performance.”
“Charleston is a solid secondary market with a dependable, diversified economy with robust job growth, great accessibility with the airport and port and a strong quality of life,” Sadler said. “We’re pleased to have a continuing presence in Charleston.”
REVA, with a stellar track record of performing well in good markets and bad and more than $200 million in office transactions, has structured the Ashley Corporate Center investment offering to qualify as a 1031 Exchange, a tax-deferred exchange considered a “like-kind replacement” property investment.
“We are seeking to raise $8.5 million with cash flow to investors estimated at 7.15 percent in the first year,” Sadler said.
REVA serves nearly 400 investors while stewarding a portfolio of nearly $1 billion in assets stretching from the upper Mid-Atlantic region to the Florida coast and west to Georgia and Texas.
For more information on this offering, 1031 Eligible properties or REVA, visit www.revacompanies.com or email Steve Sadler at firstname.lastname@example.org.
To read more about 1031 investments, and a successful offering REVA recently closed on in North Carolina, visit https://blog.earlyshares.com/university/1031-investing-101-understanding-tax-deferred-exchange-strategies/.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon REVA’s (the “Company”) present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements.