21 New Orleans Rd - Office FOR SALE


Hilton Head Island, SC 29928
$850,000 USD
843-338-1799
21 New Orleans Rd, Hilton Head Island, SC for Sale
$850,000 USD
Office - FOR SALE
1/15
null | 7.54% Cap Rate

21 New Orleans Rd
Hilton Head Island, SC 29928


HIGHLIGHTS

  • Income Producing Office For Sale Hilton Head Island
  • NNN Lease
  • Annual Escalation
  • Great South End Location
  • Onsite Parking & Monument Signage

OVERVIEW

Income producing,4,419 sf office condominium available for sale on the south end of Hilton Head. The condo represents the prominent / street side of the building and has been leased to a strong credit, vacation rental company, for the last five years. Tenant has just renewed the lease for three more years through December, 2028. The lease is NNN with 3% annual escalation and a NOI of $64,076. The property is being offered at a 7.54% cap rate. Functional layout that could be split into two fully functional spaces if desired in the future. Ideal for investor looking for an easy to manage income producing property in a great location. Onsite parking and monument signage, brand new HVAC and no POA/regime. Located on New Orleans Rd., on the bustling south end of Hilton Head Island. New Orleans Rd. is a major artery that intersects with Highway 278 / William Hilton Parkway in two locations, and Pope Avenue. The property is near the busy Sea Pines circle and in close proximity to the Cross Island Connector and USCB Hilton Head campus. Surrounded by restaurants, retail and residential developments, including Shipyard, Sea Pines, Long Cove and Wexford Plantation. Great exposure to high vehicle and bike path traffic.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

7.54%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LC

APN/PARCEL ID

R552-015-00C-0093-000C,R552-015-00C-0093-000D

ASK ABOUT THIS PROPERTY

Vonnie MajewskiVM | Real EstateMore Info
843-338-1799

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Vonnie MajewskiVM | Real EstateMore Info
843-338-1799

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