Ashley Overlook sells to TIC investors

Vacancy rate small at closing

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Tenant-in-common investors have purchased a four-story, class A office building in Charleston, S.C., for an undisclosed price. The approximately 103,700-square-foot Ashley Overlook, sold by Holder Properties, is situated within the 80-acre Faber Place Office Park. With 343 parking spaces surrounding the building, the property provides a parking ratio of 3.8 spaces per 1,000 square feet. At the time of sale, Ashley Overlook was 91 percent leased to numerous tenants, including Select Health of South Carolina Inc., Springfield College and O'Shaughnessy Real Estate. ...