Investor bulk sale of 5 luxury condominium units in the renovated historic Masonic Lodge at 71 Wentworth St (270 King St). Price is $15,950,000 with $856,000 in FF&E included in the price. This is a seamless transition for a hands-off investor. The units are 100% NNN leased to Inspirato, Inc., a publicly traded luxury travel club. The combined annual NOI for the 5 units is $759,917. The 10-year leases expire in 2034 with the landlord's right to terminate beginning in July 2029. Each unit comes with one reserved, leased parking space in the adjoining parking garage. Please see our OM in Documents for a full description.
Grazing Permits Forest Service: No
Grazing Permits Private: No
Grazing Permits Blm: No
Horse: No
Farm Credit Service Incl: No
Community Features: Elevators, Security
Year Built: 1872
Rent Control: No
Pool Private: No
Gar Pkg: 1 Car
Garage: No
Attached Garage: No
Fireplace: No
Laundry Features: Electric Dryer Hookup, Washer Hookup
Lot Size Units: Acres
Acres: 0.00
Irrigation Water Rights: No
Security Features: Fire Sprinkler System, Security System
Mobile Home Remains: No
Property Type: B
Stories: 2
New Construction: No
Property Subtype: No
Building Area Units: Square Feet
View: No
Home Warranty: No
Habitable Residence: No
Structure Type: Condominium
Lease Renewal Option: No
Lease Considered: No
Lease Assignable: No
Sqft: 9700
Number of Units Total: 5
Unit: Units 202,203,204,20
Water Source: Public
Utilities: Charleston Water Service, Dominion Energy
Heating: No
Water Sewer: Public Sewer
Cooling: No
Waterfront: No
Courtesy of listing office CBRE, Inc