2500 Rowesville Road - Multi-Tenant Rail Served Building for Sale

Industrial for Sale
Catylist Listing ID: 30434503
Property Subtypes: Flex Space, Manufacturing, Light Industrial, Truck Terminal, Warehouse/Distribution, Other
Building Size (RSF): 388,000 SF
Gross Land Area: 163.59 Acres
Sale Price: $10,900,000
Unit Price: $28.09 PSF
Ceiling: 26 ft. Clear
Docks/Doors: 12 Docks
Office SF: 40,000 SF
Drive In Bays: 5 Bays
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: ACO Rowesville
Usable Size (USF): 388,000 SF
Sale Terms: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/9/2019

Overview / Comments

Avison Young is proud to present this unique opportunity to purchase a 388,000 SF Rail-Served Distribution Facility situated on a 163.59ac site, within South Carolina’s Global Logistics Triangle in Orangeburg, South Carolina.

Site offers significant opportunity for a variety of users, investors, operators, and developers. The building features, existing site infrastructure, and potential for future expansion, combined with the current income and economic development opportunities available – makes this site truly one of a kind.

A portion of the building (+/-144,698 sf) is leased to a credit Tenant with substantial term remaining. The balance of the building is currently being operated as a 3PL Warehouse, offering storage, distribution, and various value-added services. Potential to lease up to 217,758 square feet, and options for outside storage, subject to terms and ownership approval. Please contact Avison Young for details.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $45,587 (Annual)

Current Tenants

Tenant Business Name Leased Tenant (C) - Space (A)
Is Renting? Yes
Suite Number Space A
SF of Space Occupied 80,424 SF
Tenant Notes SPACE (A): +/-80,424 sf contiguous space, located on the South West side of the property (left hand side of building when entering site). Access to eight (8' x 10') loading docks with levelers; one grade level drive in door to exterior; and multiple interior loading doors for access to spaces (B) and (D). Space has approx. 2,000-3,000 sf of office/flex area that is ready to use or easily modified; and includes a two-story office in corner near docks, and a two-story lab/office area in the adjacent corner of space.
Tenant Business Name Leased Tenant (C) - Space (B)
Suite Number Space B
SF of Space Occupied 33,302 SF
Tenant Notes SPACE (B): +/-33,302 sf of open warehouse space located in between Suite (A) and Suite (C)
Tenant Business Name Tenant (C-1) & Owner Occupied - Space (C)
SF of Space Occupied 110,165 SF
Options Tenant (C-1, 30,972sf) & Owner Occupied (79,193sf)
Tenant Notes Space (C): +/-110,165 sf of space with four dock highs (options to add additional), oversized loading doors, and rail siding for unloading daily rail cars and transloading product throughout warehouse. The entire space measures 110,165sf with +/-92,465sf open warehouse and approximately 17,700sf of two-story office located at the center of the space with a freight elevator, locker rooms, and multiple offices. A portion of the space referred to as "C-1" is leased to "Tenant C," with the remaining 79,193sf currently owner occupied and utilized for 3PL and rail handling operations.
Tenant Business Name Owner Occupied - Space (D)
SF of Space Occupied 41,595 SF
Tenant Notes Space (D): +/-41,229sf of space contiguous to main office and entrance. Approximately 37,229 sf fully sprinklered warehouse space and +/-4,366sf office. Access to rail, docks, drive ins, and other amenities via adjacent spaces.
Tenant Business Name Owner Occupied - Space (E)
SF of Space Occupied 34,659 SF
Tenant Notes Space (E): +/-34,659 sf with access to offices, canteen/kitchenette, and multiple interior loading doors for access to other spaces.
Tenant Business Name Owner Occupied - Space (F)
SF of Space Occupied 62,311 SF
Tenant Notes Space (F): +/-62,311 sf of space, located on the right side of building, across from Yard. Access to two dock high doors via Space C, and over-sized loading door (19' x 21') large enough to drive a flatbed truck into building for loading/unloading. Includes approx. 2,000 sf fully conditioned office space with windows, conference room, and multiple offices. Private entrance to space exists if needed. Additional offices, multiple restrooms, yard, and other common area access also available.
Tenant Business Name Owner Occupied - Space (G)
SF of Space Occupied 10,789 SF
Tenant Notes Space (G): +/-10,789sf located at the front right of the building when driving into the site. Space includes a two story office, flex, machine shop space with two grade level drive in doors and 2 ton crane. Options to lease additional warehouse space in adjacent spaces. Fully secured yard may be combined for an ideal truck/equipment repair or various storage needs
Tenant Business Name Owner Occupied - Main Office
SF of Space Occupied 4,216 SF
Tenant Notes Main Office: +/-4,216sf of office space attached to the core warehouse building. Currently utilized by ownership for their Headquarters and main office
Tenant Business Name Owner Occupied - Other
SF of Space Occupied 20,480 SF
Tenant Notes Utility/Office/Flex Spaces: located along the front perimeter of the building if driving into the site. Various office and flex spaces along with utility and mechanical rooms for various infrastructure components that used to serve the building when it operated as a full manufacturing operation. Renovate or demo for approximately 20,480sf of additional space which is not currently accounted for in the total RBA of +/-388,000sf

Additional Details

Nearest MSA: Orangeburg
County: Orangeburg
Submarket/Township: 83 - Orangeburg County
Taxing Authority: Orangeburg County
Tax ID/APN: 7000001
Zoning: BUSINESS INDUSTRIAL (BI)
Property Located Between: Okonite Company Inc. & Gulbrandsen Manufacturing Inc. on US-21 (aka Rowesville Rd.)
Highway Access: Property is located on US-21 (aka Rowesville Rd.); 4 lanes Distance to Major Interstates: I-26 (+/-7.8 driving miles) I-95 (+/-23 driving miles) I-77 aka Charlotte (+/-143 driving miles)
Rail Access: Yes
Airports: Orangeburg Municipal Airport (OGB) Located at: 1811 Airport Rd, Orangeburg, SC 29115 **Behind site** | Charleston International Airport (CHS) | Columbia Metropolitan Airport (CAE)
Site Description: Total site area measures approximately 163.59 acres off of Rowesville Road (US-21) zoned Business Industrial (BI) in Orangeburg County. Property is located adjacent to the Orangeburg Municipal Airport with a private, gated entrance, and is fully fenced for optimal security. Over 100 acres of Container Storage and surface parking to easily accommodate +350 employees. Water, sewer, electric, propane, and natural gas are all available and serviced by Orangeburg County Dept. of Public Utilities (DPU) Permitted wastewater treatment plant on site, municipal sewer also available. Municipal water service. 2 wells also present, along with an active permitted wastewater treatment plant located at the rear of the site with capacity for up to 4,000,000 gallons of water daily, and river access via the Edisto River.
Area Description: Located in the Global Logistics Triangle in Orangeburg, South Carolina, an ideal location for easy distribution with access to US 301, I-26, and I-95.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 100,000 SF
Property Condition: Average
Year Built: 1969
Year Renovated: 2007
Roof Type: Other
Construction/Siding: Other
Exterior Description: Rectangular shaped (Approx. 850'L x 440'W) distribution building; office and main entrance located at front of building, loading docks on both right and left side and rail/transloading on the right/rear. 1.5 acre (Approx. 230' x 290') paved, fenced, and lighted lay down yard located on the North side of the property along the rail spur. 1.5 acre (Approx. 230' x 290') paved, fenced, and lighted lay down yard located on the North side of the property along the rail spur.
Parking Type: Surface
Parking Description: Paved employee parking with 45-50 designated parking space at front entrance of building. Plus an additional 55,000 SF (1.5ac) paved parking area at front of building for parking trailers, passenger cars, laydown area, staging, etc. Over 100 acres of Container Storage and surface parking to easily accommodate +350 employees.
Total Parking Spaces: 350
Eave Height: 24
Column Spacing: See Space Details
Passenger Elevators: 1
Freight Elevators: 2
Overhead Cranes: 1
Sprinklers: Wet
Amps: 800
Volts: 600
X-Phase: 3-Phase
Heat Type: Electricity, Natural Gas, Suspended Radiant Heaters, Other
Heat Source: Baseboard, Central, Wall Units, Ceiling Units, Other
Air Conditioning: Evaporative Cooler, Window Unit, Other
Lighting: Fluorescent, Metal Halide, Other
Internet Access: Other
Interior Description: Main distribution building is subdivided into six primary spaces (A-F) each space has multiple drive-in doors for cross dock access. Main office located at front and office/flex spaces running along the perimeter of the building as you drive onto the site. Two story offices located in various spaces which can easily be removed and/or renovated.
Zoning Description: Business Industrial (BI) in Orangeburg County: The intent of this District is to accommodate and protect on individual lots or in business park settings industrial and related wholesaling, distribution, warehousing, processing, office and administrative uses in an environment suited to such uses and operations, while promoting land use compatibility with the aid of performance standards. This District also is intended to protect for future development vacant sites and tracts with industrial potential.
Water Service: Municipal, Well, Other
Sewer Type: Municipal, Other
Easements: Electric Lines, Utilities, Other
Land Ownership: Private
Legal Description: ROWESVILLE RD 638­00317/MFG 1642408­001 TR B

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,056 8,409 28,935
Median Age: 34.2 32.76 33.91
Households: 380 3,341 10,601
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