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Extra Space Storage (3PM) 2729 E Palmetto 69,313 SF 100% Leased Retail Building Florence, SC 29506 $11,800,000 ($170.24/SF)
EXECUTIVE SUMMARY
2023 conversion property in late stage lease-up
Opportunity to expand with parking immediately
Additional expansion around the perimeter at buyer discretion
Rent Income increased 30.1% over the past 12 months
Asking rents are only 78% of competitive rental rates
No competitors within 3-miles, 6 within 5 miles
Strategic location located on major corridor (US-52)
Close proximity to McLeod Health and Honda of South Carolina
Opportunity to expand with parking immediately
Additional expansion around the perimeter at buyer discretion
Rent Income increased 30.1% over the past 12 months
Asking rents are only 78% of competitive rental rates
No competitors within 3-miles, 6 within 5 miles
Strategic location located on major corridor (US-52)
Close proximity to McLeod Health and Honda of South Carolina
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
69,313 SF
Building Class
B
Year Built
1962
Price
$11,800,000
Price Per SF
$170.24
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
8.64 AC
Zoning
c - General Business
Parking
250 Spaces (3.61 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 90152-01-003 | Improvements Assessment | $55,113 |
| Land Assessment | $9,200 | Total Assessment | $64,313 |
PROPERTY TAXES
Parcel Number
90152-01-003
Land Assessment
$9,200
Improvements Assessment
$55,113
Total Assessment
$64,313
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Extra Space Storage (3PM) | 2729 E Palmetto
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