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The Curve Business Park 8733/8739 Hwy 17 Bypass N Byp 122,200 SF 80% Leased Office Building Myrtle Beach, SC 29575 $18,500,000 ($151.39/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Long term lease with Fortune 500 company
- Potential add value with room for future development
- 500 ft Hwy 17 frontage with over 38,000 cars daily
EXECUTIVE SUMMARY
Introducing, The Curve Business Park, an exceptional opportunity to own the largest office building in the prime corridor of Myrtle Beach. Situated among 20 franchise businesses on both sides of the highway, this office park boasts one of the highest traffic counts in the Grand Strand with over 38,000 cars/day . This premier Class “A” Office Park boasts a strategic location at the bustling Highway-17 corridor, ensuring high visibility, approximately 500’ frontage and easy accessibility. The Office Park is in close proximity to Myrtle Beach International Airport(9 miles).
The sale includes all three office buildings(120,000 sqft) in the Park, each is approximately 40,000 SF, a restaurant of 2200 sqft all situated on over 15.7 acres. 90,000 sqft of this property is on a long-term lease with a fortune 500 company. Income from the property is derived from the 120,000 sqft office buildings, restaurant and billboard. To further enhance the appeal of The Curve Business Park the value add opportunity is in the opportunity to develop the frontage out-parcel which could accommodate an approximately 6,000 sqf building. Ample parking is readily available with over 800 parking spots. Don’t miss this incredible opportunity to secure three prominent office buildings, restaurant and upside development opportunity. This is a unique property in the Grand Strand.
The sale includes all three office buildings(120,000 sqft) in the Park, each is approximately 40,000 SF, a restaurant of 2200 sqft all situated on over 15.7 acres. 90,000 sqft of this property is on a long-term lease with a fortune 500 company. Income from the property is derived from the 120,000 sqft office buildings, restaurant and billboard. To further enhance the appeal of The Curve Business Park the value add opportunity is in the opportunity to develop the frontage out-parcel which could accommodate an approximately 6,000 sqf building. Ample parking is readily available with over 800 parking spots. Don’t miss this incredible opportunity to secure three prominent office buildings, restaurant and upside development opportunity. This is a unique property in the Grand Strand.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
122,200 SF
Building Class
A
Year Built/Renovated
1993/2023
Price
$18,500,000
Price Per SF
$151.39
Cap Rate
6%
NOI
$1,110,000
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
122,200 SF
Building FAR
0.18
Lot Size
15.70 AC
Zoning
HC - Highway Commercial
AMENITIES
- Restaurant
- Signage
- Storage Space
- Monument Signage
- Air Conditioning
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Presented by
Marek Property Advisors
The Curve Business Park | 8733/8739 Hwy 17 Bypass N Byp
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