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605 Myers Rd

3,750 SF 100% Leased Light Industrial Building Summerville, SC 29486 £587,475 (£157/SF) 6.80% Net Initial Yield

Executive Summary

Fully leased flex warehouse with office space and fenced laydown yard is available for sale with a WALT of 5.2 and 6.8 cap rate. The asset is conveniently located on Myers Road just off of high traffic North Main Street in Summerville. Suite A is 2,475 SF of office space. Suite B features 535 SF of office space, 740 SF of warehouse space with a 12x12 drive-in door, over 4,500 SF of fenced laydown yard and a 12x12 block storage room behind the building (not included in square footage). Within 1.2 miles of the site are Carnes Crossroads and Sangaree neighborhoods, along with amenities such as local favorites Tiki Taco, Madra Rua, and fast food burger & frozen custard chain, Culvers.
* A minimum 24-hour notice is required for tours and not to approach tenants.

Property Facts

Price £587,475
Price Per SF £157
Sale Type Investment NNN
Net Initial Yield 6.80%
Property Type
Light Industrial
  • Industrial Warehouse
Building Class B
Lot Size 0.60 AC
Rentable Building Area 3,750 SF
Number of Floors 1
Year Built 2008
Parking Ratio 5.33/1,000 SF

Amenities

  • Fenced Lot

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
222-11-00-080
Land Assessment
£4,916
Improvements Assessment
£9,268
Total Assessment
£14,184

zoning

Zoning Code General Commercial
General Commercial
  • Listing ID: 34170840

  • Date on Market: 12/12/2024

  • Last Updated:

  • Address: 605 Myers Rd, Summerville, SC 29486

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