This Office Property is Off-Market.

1011 Bay Street
Beaufort, SC 29901 ·

18,535 SF · Office For Sale

N/A

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Wells Fargo Building

Price N/A Cap Rate 6.40%
Building Size 18,535 SF No. Stories 3
Property Type Office Tenancy Multiple
Property Sub-type Office Building Year Built 1979
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 1.50 SF
Listing ID: 18109613 Date Created: 04/04/2013 Last Updated: 11/25/2013

Description

The Wells Fargo Building is located on Bay Street in the most premier location in Beaufort, SC. This building is one of the few commercial buildings that overlooks the marina with sweeping waterfront views. The prop-erty consists of 1.5 +/- acres (includes extra lot) and fronts on three main thoroughfares Bay, Charles and Craven Streets. It is in the heart of the downtown business district and the shopping and Historic District which is the center of commerce in Beaufort, S.C.
This Wells Bank Branch consists of three floors. The first floor branch/teller retail area is Class A with double French doors and heavy crown molding all around. The second floor is Wells Fargo' s Mortgage and central office and Wells Fargo' s main conference/meeting room. The third floor of the facility is Class A rentable
office suites consisting of a central hallway with hardwood floors, shared break room and conference room and views of the water and marina. The building has an elevator with a common lobby to each floor and two
restrooms on every floor.

Beaufort is the second oldest city in South Carolina and is currently one of the state' s fastest growing counties, stretching 30 miles along the Atlantic Ocean on its eastern side. Its area is 587 square miles including 64 major islands and thou-sands of small islands in the state' s southeastern corner.

Beaufort is the county seat located in the northern part, and the resort town of Hilton Head Island is located in the southern part of Beaufort County with the town of Bluffton located between the two. Many other Sea Islands, small towns and communities are within the county including the diverse communities found in Yemassee and on Fripp, Harbor and Daufuskie Islands.

Beaufort County is part of the Hilton Head Island-Beaufort Micropolitan Statistical Area (MSA), which includes Beaufort and Jasper counties.

Highlights

  • Three Story Bldg on main historic corridor in Beaufort, SC
  • Wells Fargo & Company is one of the largest banks in the United States. Occupies 2 floors
  • Wells Fargo has $1.4 Trillion in assets and 273,000 team members in more than 35 countries
  • 1.5 +/- acres (includes extra lot) on Bay Street overlooking marina
  • Strong upside potential w/ leasing additional third floor Class A suites
  • CBD and Historic District-Wells Fargo Downtown Corporate Office Location

Research

1011 Bay Street, Beaufort, SC 29901 (Beaufort County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Beaufort Market Trends - Asking price index trends, sale price trends, asking rent trends

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