For Sale
$1,750,000

35 Varden DrAiken, SC 29803

High-Yield Office Portfolio in SC

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents two fully occupied, professional office buildings totaling 21,632 square feet situated on a 1.42-acre lot in Aiken, South Carolina's Hitchcock Office Park. The property, comprised of two two-story buildings constructed in 1984 and renovated in 2017 and 2018, boasts 10 individual suites ranging from 700 to 5,500 square feet, leased to a mix of credit-rated tenants under a gross lease structure. Currently operating at 100% occupancy, this stabilized investment offers immediate cash flow with a compelling 10% cap rate and over $175,000 in annual gross rental income. Rent bumps are in place, ensuring future income growth. The property features ample parking with 50 spaces and benefits from a prime location on Varden Drive, offering high visibility and accessibility with an average daily traffic count of 21,300 vehicles. Monthly HOA dues are $250 per building. Furthermore, the expansive lot provides potential for future development, adding significant long-term value. This is a rare opportunity to acquire a high-performing, multi-tenant office complex in a thriving South Carolina market.

Highlights

  • 100% Occupancy.
  • 21,000 square foot building.
  • High traffic count of 21,300 cars daily.
  • National and local tenant mix.
  • 10% capitalization rate.
  • $175,000+ in annual gross rental income.

Property Details for 35 Varden Dr

Property type
Office properties, Medical offices
Square Feet
21,632 SF
Year Built
1984
Buildings
2
Stories
2
Lot Size (sq. ft)
61,855 SF
Units
10

Location Insight

City
Aiken
County
Aiken
State
South Carolina
Latitude
33.529111
Longitude
-81.7461836
35 Varden Dr, Aiken, South Carolina

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
35 Varden Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message