Government Leased Investment Opportunity

Office for Sale
Catylist Listing ID: 30804364
Property Subtypes: Governmental, Medical, Office Building
Building Size (RSF): 5,995 SF
Gross Building Area: See Agent
Sale Price: $600,000
Unit Price: $100.08 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 7.94%
Last Updated: 8/17/2022

Overview / Comments

NAI Charleston is pleased to offer the exclusive listing of a SC state government leased investment opportunity in Kingstree, South Carolina. Kingstree is the county seat of Williamsburg County and is located 60 miles north of Charleston and 70 miles West of Myrtle Beach. The property at 501 Nelson Blvd. in Kingstree is a ±5,995 SF single story office building located at the stoplight intersection of Nelson Blvd. and Hwy 377. The property is leased to the Williamsburg Mental Health Department under a state government lease. The WMHD has been a tenant in this building for approximately 18 years and is planning on renewing their lease for a new five year term that will commence June 1, 2023. This is an opportunity to purchase a stable, low risk, government backed investment that will provide long term income to the owner.

Additional Details

Nearest MSA: Georgetown
County: Williamsburg
Tax ID/APN: 11-039-004
Year Built: 1979

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 619 5,623 11,736
Median Age: 40.16 36.02 38.12
Households: 248 2,136 4,540

Contact

Photograph of Listing Agent

Will L Sherrod

NAI Charleston, LLC SCCMLS Member
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