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EXECUTIVE SUMMARY
10,700 SF of flex/retail space, zoned Heavy Industrial (Berkeley County) on Farmington Rd. Property sits just 1-mile from I-26 exit 199 on the Nexton side of Summerville. Currently configured with two (2) buildings totaling 10,700 SF. 7,500 SF, divided into two (2) 3,750 SF bays fronting Farmington Road, and 3,200 SF, divided into two (2) 1,600 SF bays fronting Slate Stone Drive. Property has excellent visibility fronting Farmington Rd and can be seen from I-26. All 4 suites are currently occupied with NNN leases, and all 4 leases are set to expire within the next year (only 1 tenant has an option to renew). All leases are heavily under market rent, providing a substantial value add opportunity for an investor and/or 1031 exchange. An area of the property behind the 7,500 SF building has been graveled for overflow parking but could be fenced for a small laydown if needed for a future tenant - with potentially some additional area left to use, not currently graveled.
PROPERTY FACTS
| Price | $2,150,000 | Rentable Building Area | 10,700 SF |
| Price Per SF | $200.93 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1998 |
| Property Type | Flex | Parking Ratio | 2.8/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 1.19 AC | ||
| Zoning | HI | ||
| Price | $2,150,000 |
| Price Per SF | $200.93 |
| Sale Type | Investment NNN |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 1.19 AC |
| Rentable Building Area | 10,700 SF |
| No. Stories | 1 |
| Year Built | 1998 |
| Parking Ratio | 2.8/1,000 SF |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | HI |
AMENITIES
- Signage
1 1
PROPERTY TAXES
| Parcel Number | 232-00-02-107 | Improvements Assessment | $549,147 |
| Land Assessment | $120,728 | Total Assessment | $669,875 |
PROPERTY TAXES
Parcel Number
232-00-02-107
Land Assessment
$120,728
Improvements Assessment
$549,147
Total Assessment
$669,875
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199 Farmington Rd
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