The Net Lease Group exclusively offers for sale or lease a +/- 32,128 SF office building situated on a +/-5.21 acre parcel at 870 William Hilton Parkway in the Town of Hilton Head Island, South Carolina.
The two-story facility was constructed in 1996 as a corporate office for Hargray Communications and has been vacant for approximately two years. The first-floor office area is approximately 18,128 SF and the second level is approximately 14,000 SF.
The offering provides an opportunity for an investor to stabilize the asset through lease-up, while utilizing the excess land on site to expand the existing building and/or construct additional building(s) on-site. The offering is also an attractive option for the user seeking large blocks of space, given Hilton Head's low office vacancy rate of 4.1% and the lack of available spaces over 10,000 SF