For Sale
$4,300,000

1925 Laurel StColumbia, SC 29201

53,464 SF warehouse, 8% cap rate, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 53,464-square-foot warehouse located at 1925 Laurel St, Columbia, SC 29201. The property, situated on a 2.14-acre lot in Richland County, boasts a desirable location within the Central Business District, offering convenient access to major interstates: I-26 (3 miles), I-20 (4 miles), I-77 (6 miles), and Columbia Airport (9 miles). Built in phases (1963, 1980, 2000), the building features a mix of 20' to 40' ceiling heights, three dock-high doors, and 28 parking spaces. Currently operating under a 7-year net lease (commencing February 29, 2024, and expiring February 27, 2031), the property generates a substantial net operating income (NOI) of $345,641, representing an attractive 8.00% capitalization rate. The asking price is $4,300,000, translating to $80.43 per square foot. The property is zoned for EC-Light Manufacturing & Research & Development. A significant advantage is the presence of solar panels, resulting in a $0 monthly power bill and generating an additional $9,000 annual income for the landlord, supplemented by a $1,750 monthly payment from the tenant specifically for solar panel usage. The building is constructed of metal and masonry. This fully leased asset offers a compelling investment prospect in a thriving South Carolina market with low vacancy rates (3.9% overall, 4.3% in the Southeast Columbia submarket).

Highlights

  • One (1) Drive-in Door
  • Metal and Masonry Construction
  • $9,000 annual solar panel income, offsetting electricity costs; tenant pays additional $1,750/month for solar power.

Property Details for 1925 Laurel St

Property type
Warehouses, Industrial properties
Square Feet
53,464 SF
Lot Size (sq. ft)
93,218 SF

Location Insight

City
Columbia
County
Richland
State
South Carolina
Latitude
34.0137112
Longitude
-81.0249719
1925 Laurel St, Columbia, South Carolina

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1925 Laurel St
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