TitleMax / Mark's Powder Coating

Retail-Commercial for Sale
Catylist Listing ID: 30185193
Property Subtypes: Free-Standing Building
Building Size (RSF): 7,300 SF
Gross Land Area: 0.58 Acres
Sale Price: $625,000
Unit Price: $85.62 PSF
Ceiling: 20 ft.
Property Use Type: Business
Building Name: TitleMax / Mark's Powder Coating
Usable Size (USF): 7,300 SF
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 6.8%
Average Occupancy Rate: 100
Last Updated: 2/15/2018

Overview / Comments

Free standing building located in heart of Moncks Corner. Building consist of 4 units that are all currently occupied. Front and side area parking. Approximately 120 ' road frontage on US Highway 52. The front two units are approximately 1200 sq ft heated/cooled and are currently leased by Title Max that has 3 year lease at $19.75 sq ft, the middle is unit is approximately 3700 sq ft, no HVAC and houses a powder coating business occupied by the owner. The owner wants to stay in this location and is willing to sign a long term lease at $6.50 sqft. The back 2400 sq ft has no HVAC, is currently occupied by a Jet ski repair shop and tenant wants to stay and is currently leased at $4.00 sq ft. The cap return is based on all 4 units being occupied.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 76 - Moncks Corner/Pinopolis Area
Taxing Authority: Berkeley county & Town Of Moncks Corner
Tax ID/APN: 142-08-03-001
Zoning: GC - General Commercial District
Retail Clientele: General, Business
Property Located Between: Wafflehouse and Berkeley County Headstart
Property Visibility: Excellent
Largest Nearby Street: Grace St
Feet of Frontage: 120
Highway Access: North US Hwy 52
Airports: Charleston International
Site Description: Flat cleared lot with front paved parking.
Area Description: General commercial
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,300 SF
Property Condition: Good
Year Built: 1997
Year Renovated: 2010
Roof Type: Flat
Construction/Siding: Brick, Metal/Glass, Metal Siding, Steel Frame
Exterior Description: Brick and glass front with steel metal sides and roof.
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Flat general area, not marked off.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Front is completely finished offices, middle is warehouse with a small office and back unit is open warehouse /workshop.
Zoning Description: General commercial. There previous was an Auto supply store here for 20+ years.
Lot Frontage: 120
Lot Depth: 205
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,762 10,433 19,037
Median Age: 35.27 37.52 37.39
Households: 1,405 3,879 7,064
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