For Sale
$2,350,000

5244 Festival Trail RdSalley, SC 29137

64,780 SF Warehouse, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 64,780-square-foot industrial property in Salley, South Carolina, presents a compelling value-add investment or owner-user opportunity. Located on a 9-acre lot (APN 293-00-02-013) and zoned RUD, the property features a single building with three dock-high doors and one drive-in door. Ceiling heights range from 18 to 22 feet, providing ample space for various industrial uses. The property includes 35,000 square feet currently leased to a credit-rated global light manufacturer under a NNN lease expiring October 30, 2028 (approximately 3.9 years remaining). The lease features a 5-year term with 3% annual rent escalations. The remaining 30,000 square feet is available for lease at an asking rate of $3.95 per square foot. Additionally, a laydown yard is available for lease at $1500 per acre per month. Recent renovations include a new TPO roof, LED lighting, and updated restrooms, offices, and breakrooms (new paint and ceiling tiles). The property boasts a strong Net Operating Income (NOI) of $94,500. This prime location in Aiken County offers easy access to both Augusta and Columbia, making it an ideal choice for businesses seeking efficient distribution and manufacturing capabilities. The asking price is $2,350,000 and is offered as a sale-leaseback option. This is a rare opportunity to acquire a well-maintained, income-producing industrial asset with significant upside potential.

Highlights

  • Owner-user or investor opportunity.
  • 64,780 SF industrial building.
  • 35,000 SF available for lease.
  • New TPO roof and LED lighting.
  • Global credit tenant (light manufacturing) occupies 30,000 SF.
  • Five-year lease with 3% annual rent escalations.

Property Details for 5244 Festival Trail Rd

Property type
Warehouses, Industrial properties
Square Feet
64,780 SF
Year Renovated
2023
Buildings
1
Lot Size (sq. ft)
392,040 SF

Location Insight

City
Salley
County
Aiken
State
South Carolina
Latitude
33.5599324
Longitude
-81.3043052
5244 Festival Trail Rd, Salley, South Carolina

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5244 Festival Trail Rd
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