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4891 Hwy 153 7,088 sq ft 100% Let Office Property Easley, SC 29642 £1,121,663 (£158.25/sq ft) 5.34% Net Initial Yield



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
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 Occupier
Sale Condition
Sale Leaseback
Property Type
Office
Property Size
7,088 sq ft
Costar Property Class
C
Year Built
1994
Price
£1,121,663
Price per sq ft
£158.25
Yield
5.34%
NOI
£59,852
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
3,544 sq ft
Plot ratio
0.31
Total Plot Size
0.52 ac
Use Class
C - Commercial
Parking
2 Spaces (0.28 Spaces per 1,000 sq ft Leased)
AMENITIES
- Signage
- Skylights
- Storage Space
- Central Heating
- High Ceilings
- Natural Light
- Recessed Lighting
- Wooden Floors
- Air Conditioning
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £13,849 | |
| Land Assessment | £1,787 | Total Assessment | £15,636 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£1,787
Improvements Assessment
£13,849
Total Assessment
£15,636
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4891 Hwy 153
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