71 Wentworth Street, 202,203,204,206,301, Charleston, SC 29401
$15,950,000
Property Type:
Commercial Sale
Square Footage:
9,749
Status:
Active
Current Price:
$15,950,000
List Date:
5/21/2025
Last Modified:
7/10/2025
Description
CBRE is offering a bulk sale of five luxury condominium units in the renovated historic Masonic Lodge at 71 Wentworth St (270 King St), Each unit comes with one reserved, leased parking space in the adjoining parking garage. The units are 100% NNN leased to Inspirato. Inc., a publicly-traded luxury home club. The combined annual revenue for the five units is $759,917. The 10-year leases expire in 2034 with landlord's right to terminate beginning in July 2029.
The five units are priced $15,950,000 with $856,000 of FF&E included in the price.
Please see our OM in Documents for a full description.
DealFlow Page: https://www.cbredealflow.com/handler/modern.aspx?pv=0Ezb-shtHE7rpg8XqVsKHu00rfKSoV_7aJotJJWrduQ#_top
More Information MLS# 31006228
Location
Street Number: 71
Street Name: Wentworth
Street Suffix: Street
Unit Number: 202,203,204,206,301
County: Charleston
Nearest MSA: Charleston-North Charleston, SC
Submarket/Township: 51 - Peninsula Charleston Inside of Crosstown
State or Province: SC
Postal Code: 29401
Parcel Number: 457-08-01-127
Opportunity Zone: No
General Information
Status: Active
Property Sub Type: Multi Family
Secondary Sub-Type: Hospitality
Listing Name: 71 Wentworth at 270 King Street
Property Condition: New Construction
Build to Suit?: No
Number of Units Total: 5
Building Area Total: 9749
LEED Certified: No
Zoning: City of Charleston - GB - General Business
Property Visibility: Excellent
List Price/SqFt: 1636.07
Opt In to Crexi?: Yes
Contract Information
Listing Contract Date: 2025-05-20
List Price: $15,950,000
Original List Price: 1
Current Price: $15,950,000
Building Related
Percent Occupied: 100
General Condition: Excellent
Stories Total: 3
Year Built: 1872
Year Renovated: 2024
Parking Total: 5
Number Of Buildings: 1
Land Related
Part of Planned Development?: No
In Flood Plain?: No
Status Change Info
Status Change Date: 2025-05-21
Auction Details
Auction: No
Building Detail
Building Name: 71 Wentworth
Laundry: In Each Unit
Property Features
Property Sub Type: Hospitality; Multi Family
Current Use: Investment; Multi-Family; Residential
Structure Type: Mixed Use
Existing Lease Type: NNN
Heating: Heat Pump; Separate Meters
Cooling: Separate Meters
Water Source: Public
Sewer: Public Sewer; Storm Sewer
Documents
Brochure ›Listing Office: CBRE, Inc
Last Updated: July - 10 - 2025
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