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32949194
32949191

Regional Pkwy, Orangeburg, SC 29118 For Sale

RS
SC 81850, NC 304910
Furman Capital Advisors
PC
SC 7016, SC
Furman Capital Advisors
LM
140061
Furman Capital Advisors
Listed by Furman Capital Advisors
$9,600,000
50 days on market
Updated 36 days ago

Carolina Regional Park

Details
Property Type Industrial
Sub Type Distribution, Warehouse (+1)
Square Footage 116,774
Cap Rate 6.50%
NOI $623,341
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Lease Options American Fleet Supply & Shengyue American: (1) 5-Yr
Price per SqFt $82
Broker Co-Op True
Class B
Year Built 1998
Year Renovated 2000, 2023
Buildings 3
Acreage 12.370
Zoning BI (Business Industrial), Orangeburg County
Parking Spaces 172 spaces
Parking per 1,000 SqFt 1.47
Investment Type Stabilized
Ground Lease No
Ceiling Height 18'-30'
Dock High Doors 11
Ownership Fee Simple

Multi-Tenant Industrial | Orangeburg, SC

Marketing description

Furman Capital Advisors is pleased to offer a fee simple interest in Carolina Regional Park in Orangeburg, SC.

Investment highlights

Strategic Location in a Strong Commercial Corridor: Located within the commercial corridor of St. Matthews Rd (also part of U.S. Hwy 601) and I-26, one of Orangeburg's major commercial and medical corridors, this property is uniquely poised to benefit from its strong market exposure.

Proximity to Medical and Education: Located approximately 1 mile from Orangeburg-Calhoun Technical College, with an enrollment of more than 2,200 students, and just 1.3 miles from the 286-bed MUSC Health Orangeburg hospital, the property benefits from strong educational and healthcare anchors within the surrounding corridor.

Strong Annual Rent Increases: With four of the five tenants on scheduled 3% annual rent bumps, this opportunity offers investors strong staggered annual rent growths from the majority of its tenant mix.

Mission-Critical Distribution Location: Orangeburg, SC benefits from a highly strategic location approximately midway along the Eastern Seaboard, providing efficient north-south distribution connectivity between the Northeast and Florida markets via I-95, the Southeast's primary logistics corridor.

Excellent Interstate Access: Situated directly on I-26 (Nominally East/West), linking the property directly to the Port of Charleston, Columbia, and the broader Southeast distribution network, and only minutes from I-95 (North/South), the East Coast's primary freight and logistics corridor stretching from Miami to New York and beyond, the property offers exceptional access to 30% of all US manufacturing facilities within a one-day drive.

Close Proximity to Major Ports: Orangeburg, SC is situated less than an hour drive from the port of Charleston, SC (the East Coast's deepest and 4th busiest port) and less than a two hour drive from the port of Savannah, GA (2nd busiest port on the East Coast), making it an attractive location for industrial manufacturing and distribution.

Premier Workforce & Business Climate Advantage: The property offers direct access to skilled labor (±8,000 college and technical college students), a pro-business state ranked #1 in the nation for business incentives and #2 overall for doing business, right-to-work state, low-cost of living, major interstate access, and much more.

Listing Contacts

RS
SC 81850, NC 304910
Furman Capital Advisors
PC
SC 7016, SC
Furman Capital Advisors
LM
140061
Furman Capital Advisors
Listed by Furman Capital Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$623,341.00
$51,945.08/mo

Valuation Metrics

0
DSCR
6.49%
Cap Rate
6.49%
ROI

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