1000 Southern Patio Parkway

Industrial for Sale
Catylist Listing ID: 30816638
Property Subtypes: Warehouse/Distribution
Building Size (RSF): 258,000 SF
Gross Building Area: See Agent
Sale Price: $7,998,000
Unit Price: $31 PSF
Ceiling: 26 ft. / 24 ft. Clear
Docks/Doors: 11 Docks
Drive In Bays: 1 Bay
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Undisclosed, Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/3/2022

Overview / Comments

The 258,000 square foot industrial property in the Orangeburg industrial market is conveniently less than ten (10) miles away from interstate 26 and twenty-two (22) miles for interstate 95. The former textile mill facility is currently occupied by an owner occupant third-party logistics company that will shutter operations upon sale of property. As the Orangeburg industrial market is witnessing an 8.7% vacancy rate with market rents at $4.50/SF, this is an excellent value-add opportunity for investors. With the increase in demand for second-generation industrial assets, the growth of industrial inventory along interstate 26, and the surging prices of ground-up development, 1000 Southern Patio Parkway is a "can't miss" for any value-add investor.

Additional Details

Nearest MSA: Orangeburg
County: Orangeburg
Submarket/Township: 83 - Orangeburg County
Tax ID/APN: 0170-00-02-009.000
Zoning: INDUSTRIAL
Year Built: 1988
Eave Height: 24
Column Spacing: 40' x 40' and 40' x 20'
Sprinklers: None

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,814 15,438
Median Age: 34.84 34.77
Households: 1,048 5,927
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