199 Farmington Rd - Flex FOR SALE


Summerville, SC 29486- Goose Creek
$2,150,000 USD
843-767-7777
199 Farmington Rd, Summerville, SC for Sale
$2,150,000 USD
Flex - FOR SALE
1/13
null | Request Cap Rate

199 Farmington Rd
Summerville, SC 29486
Goose Creek


OVERVIEW

10,700 SF of flex/retail space, zoned Heavy Industrial (Berkeley County) on Farmington Rd. Property sits just 1-mile from I-26 exit 199 on the Nexton side of Summerville. Currently configured with two (2) buildings totaling 10,700 SF. 7,500 SF, divided into two (2) 3,750 SF bays fronting Farmington Road, and 3,200 SF, divided into two (2) 1,600 SF bays fronting Slate Stone Drive. Property has excellent visibility fronting Farmington Rd and can be seen from I-26. All 4 suites are currently occupied with NNN leases, and all 4 leases are set to expire within the next year (only 1 tenant has an option to renew). All leases are heavily under market rent, providing a substantial value add opportunity for an investor and/or 1031 exchange. An area of the property behind the 7,500 SF building has been graveled for overflow parking but could be fenced for a small laydown if needed for a future tenant - with potentially some additional area left to use, not currently graveled.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$270 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

3

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.19

LAND SF

51,836

ZONING

HI

APN/PARCEL ID

232-00-02-107

ASK ABOUT THIS PROPERTY

Brett RashtchianRE/MAX Southern ShoresMore Info
843-767-7777

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Brett RashtchianRE/MAX Southern ShoresMore Info
843-767-7777

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.