Property Listing No Longer Available for Sale

149 Riverwalk Boulevard, Unit 6

Ridgeland, SC

Office for Sale - $170,000 - 1,000 Sq. Ft.


Property Info

CIMLS#958257
Location
  149 Riverwalk Boulevard, Unit 6
  Ridgeland SC 29936
UpdatedNovember 7th, 2017
TypeOffice
Price$170,000
Building1,000 Sq. Ft.

Property Description

SVN is pleased to offer this 1,000 +/- sf commercial office condominium in Riverwalk Commons, at the entrance to the Riverwalk Business Park. The nicely appointed, functionally designed condominium is leased by a chiropractor for a five-year term that commenced in March, 2017. Current NOI is $12,038.23 with rent escalating 4% each year. Tenant pays regime fees, Landlord pays property taxes.

Location Description:

Riverwalk Commons is located directly on Highway 170 with approximately 200' of frontage and high traffic counts. It is less than two miles from the major Highway 278 interchange, with easy access to all of Beaufort and Jasper counties as well as Savannah. The property is also close to Sun City Hilton Head (with 15,000 residents) and two colleges (USC and Tech). This is a high-traffic and high-growth area.

Highlights:

>> Investment Opportunity

>> Offered at 7.1% Cap

>> New Five Year Lease

>> 4% Annual Escalation

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Financials