OFFICE & WAREHOUSE FOR SALE ON HWY 78

Office for Sale
Catylist Listing ID: 30384467
Property Subtypes: Mixed Use, Flex Space, Net Leased, Other
Building Size (RSF): 8,265 SF
Gross Land Area: 1.08 Acres
Sale Price: $769,000
Unit Price: $93.04 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 8.01%
Last Updated: 7/9/2019

Overview / Comments

Two buildings totaling 8265sf on 1.08 acre lot along a busy stretch of HWY. 78. Building #1 is 5065sf of mostly concrete block construction featuring a combination of very nice offices with a conference room and warehouse/flex space. Building #2 was built in 2000 and is a 3200sf metal building with high eve and door heights which is currently leased month to month to an auto repair shop. The space is mostly open shop/warehouse/flex type space with an office and restroom. Owner is relocating but would also consider a lease back of building #1 with suitable terms. Tenant owns the auto lifts and rest of the equipment in building #2 and does not convey with the sale. Cap Rate is based on pro forma estimating the current owner occupied space of 5065sf were either to be leased to a new tenant or possibly owner lease back at $10/sf Net.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Tax ID/APN: 242-00-02-059
Zoning: CG - General Commercial District
Property Located Between: Royle Road and Fairgrounds
Property Visibility: Excellent
Highway Access: U.S. Highway 78
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1990
Construction/Siding: Block, Metal Siding, Vinyl Siding
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,621 69,301 154,636
Median Age: 32.71 32.98 34.51
Households: 2,871 25,534 58,282

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