5244 Festival Trail Rd - Distribution FOR SALE


Salley, SC 29137
$2,350,000 USD
843-203-1062
5244 Festival Trail Rd, Salley, SC for Sale
$2,350,000 USD
Distribution - FOR SALE
1/16
null | Request Cap Rate

5244 Festival Trail Rd
Salley, SC 29137


OVERVIEW

5244 Festival Trail is currently available for sale or lease. The property is occupied by a global light manufacturer, which has 5-year lease for 30,000 SF of warehouse, office, and restroom space. Tenant has shared access to the drive in door. The front 35,000 SF of the building is available for lease. It features three loading dock doors, one drive-in door, offices, and restrooms. Additionally, there is a laydown yard with an asking rate of $1500/mo per acre, and a warehouse with an asking rate of $3.95/SF. NNNs 2024 are $0.86/FT. The property is located in Aiken County, approximately an hour away from both Augusta and Columbia. LANDLORD HAS DONE THE FOLLOWING IMPROVEMENTS: • Brand New TPO Roof • Brand New LED Lighting • New paint in restroom, office and breakroom • Ceiling tiles replaced in restroom, office and breakroom INVESTMENT DEAL TERMS: • Global Credit Tenant - Light Manufacturing • 5-year deal, 3% Annual Rent Escalations • Lease Expiration Date: 10/31/2028 • Term Remaining: 4.8 Years • NOI: $94,500 • 30,000 SF Lease

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$36 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

-

CLEAR CEILING HT

22 Ft

DOCKS

3

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9

LAND SF

392,040

ZONING

RUD

APN/PARCEL ID

293-00-02-013

ASK ABOUT THIS PROPERTY

John KincaidLee & AssociatesMore Info
843-203-1062

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John KincaidLee & AssociatesMore Info
843-203-1062

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