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4891 Hwy 153 7,088 SF 100% Leased Office Building Easley, SC 29642 $1,500,000 ($211.63/SF) 5.34% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 5 separate professional office spaces in excellent condition
  • 5X7 Electronic billboard with high visibility
  • Locked mailboxes
  • High traffic count and visibility
  • Ample Parking
  • High Growth area

EXECUTIVE SUMMARY

Professional office space in excellent condition with 5 individual offices (Unit A- E) that can be leased separately. There are over 25 parking spaces, mailboxes with locks, a 5X7 electronic billboard purchased in 2021 with a 7 year warranty. The units are in excellent shape, some have hardwoods, tile and carpet and suitable for a professional business. Located on a busy highway with over 30K cars per day. Fully leased currently.
Unit A is on the 2nd floor with an outside 2nd floor entrance. It has 460 sq ft, 2 executive offices with hardwoods, a bathroom and a storage area.
Unit B is on 1st Floor with 740 Sq ft. It has 4 separate offices, a break area, storage room, waiting room, bathroom and conference area.
Unit C is 2 story with 1130 sq ft with a receptionist office space and waiting area, bathroom and conference room/office on 1st floor. The 2nd floor has a 2nd bathroom and separate office spaces with room for 5+ workstations. There is an unfinished 3rd floor for extra storage space.
Unit D is a 2 story with 1601 sq ft. It has a waiting area, receptionist office, 2 large executive offices, large conference room, bathroom and storage on 1st floor. 2nd floor has 3 separate areas for multiple desks, a bathroom, large storage area and 3rd floor storage (unfinished).
Unit E is a 2 story with 1330 sq ft. The 1st floor has a waiting area, 2 large office areas, a kitchen and bathroom. The 2nd floor has a bathroom, storage closets and 2 large office areas. Additional storage on 3rd floor (unfinished).
This area is growing by over 25% in the next 2 years with apartments and homes being built within a mile of this location which will increase the traffic counts.
Current owner is leasing Unit D (1601 sq ft). We can vacate or leaseback. The building is fully leased. Owner will consider owner financing for up to 15 years.
Rental income coming in $7,070

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Office
Building Size
7,088 SF
Building Class
C
Year Built
1994
Price
$1,500,000
Price Per SF
$211.63
Cap Rate
5.34%
NOI
$80,040
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,544 SF
Building FAR
0.31
Lot Size
0.52 AC
Zoning
C - Commercial
Parking
2 Spaces (0.28 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage
  • Skylights
  • Storage Space
  • Central Heating
  • High Ceilings
  • Natural Light
  • Recessed Lighting
  • Hardwood Floors
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5048-10-46-8868
  • 5048-10-46-8884
Land Assessment
$2,390
Improvements Assessment
$18,520
Total Assessment
$20,910
  • Listing ID: 28606490

  • Date on Market: 5/30/2023

  • Last Updated:

  • Address: 4891 Hwy 153, Easley, SC 29642

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