Office Property For Sale - Investment/1031 Opportunity

19 Executive Park Drive, Hilton Head, SC, 29928

 
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Investment/1031 Opportunity

 

19 Executive Park Drive

Hilton Head, South Carolina 29928
County: Beaufort
 
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  For Sale Active  
Property Use Type:Investment
Type:Office
Office Building
Building Size:9,158 SF
Lot Size:0.50 Acres
Price:N/A
Price/SF:N/A
Year Built:1980
Net Lease Investment:Yes
Date Last Verified:11/22/2008
Property ID:15851477
 
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 Additional Information 

Property Description:
Excellent NNN investment or 1031 exchange opportunity for this great property on Hilton Head Island! Property is 100% leased to a national tenant through December 31, 2010 with annual NOI of $110,544.00.The building is 9,158 square feet total (8,014 SF GLA/1,144 SF finished storage). Construction is steel frame with stucco on reinforced concrete, asphalt-shingle roof and double-paned windows and includes a concrete vault for records storage. HVAC is electric heat pump and power supplied by two 400-amp panels.

Location Description:
Located in the heart of Hilton Head Island, the property is less than one mile from the Highway 278 (William Hilton Parkway) and Palmetto Bay Road intersection. Site has good visibility and exposure from Pope Avenue and 110' frontage on Pope Avenue Executive Park Road. Property is level at grade and heavily treed with mature live oaks, pines and shrubs.

 Highlights 
Excellent Investment or 1031 Exchange Opportunity8% Cap Rate - NOI $110,544/yr.
 
Hilton Head Island @ Hwy. 278 & Palmetto Bay Rd.Single-Tenant NNN-Leased Building
 
100% Leased to National Tenant through 12/31/2010  
8/14/2008



The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 

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