For Sale
$6,900,000

1070 Silver Bluff Rd Aiken, SC 29803

High-return office building; 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 37,901 square foot executive office building, located at 1070 Silver Bluff Road in Aiken, South Carolina, presents a compelling investment opportunity. Built in 1988 and extensively renovated in 2017, this Class B property boasts a single tenant with a new five-year lease, ensuring a stable income stream. The building sits on a 3.7-acre lot and comprises two stories. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $509,019, translating to a strong 7.38% capitalization rate. The asking price is $6,900,000, representing a price per square foot of $182.05. The property's strategic location off Silver Bluff Road benefits from a thriving residential and retail corridor, and its proximity to SRS further enhances its appeal. The lease is a NNN (Triple Net) lease, minimizing landlord responsibilities. The property's strong tenant, combined with its prime location and impressive financial performance, makes it an attractive investment for discerning buyers. The Aiken County address is 1070 Silver Bluff Rd, Aiken, SC 29803, APN 106-19-20-001.

Highlights

  • $6,900,000 asking price for a stabilized office investment.
  • 37,901 square foot, Class B, single-tenant executive office building.
  • 100% occupancy with a new 5-year lease, generating $509,019 in NOI and a 7.38% cap rate.
  • Located at 1070 Silver Bluff Rd, Aiken, SC 29803, on a 3.7-acre lot (APN: 106-19-20-001).
  • NNN lease structure; built in 1988 and renovated in 2017; two-story building.

Property Details for 1070 Silver Bluff Rd

Property type
Office properties
Square Feet
37,901 SF
Class
B
Year Built/Renovated
1988/2017
Buildings
1
Stories
2
Lot Size (sq. ft)
161,172 SF

Location Insight

City
Aiken
County
Aiken
State
South Carolina
Latitude
33.5116328
Longitude
-81.7377107

FAQs

What type of property is this?
Office property - High-return office building; 100% occupied.
Where is the office property located?
The property is located at 1070 Silver Bluff Rd Aiken, SC.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: $6,900,000 asking price for a stabilized office investment.; 37,901 square foot, Class B, single-tenant executive office building.; 100% occupancy with a new 5-year lease, generating $509,019 in NOI and a 7.38% cap rate.
How can I contact the broker?
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1070 Silver Bluff Rd
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