971 Harbor DrWest Columbia, SC 29169

  • Industrial properties
  • 25,098 SF
For Sale
$2,300,000 View listing

Property Details for 971 Harbor Dr

Year built
2000
Lot size
1.85 AC
Property size (Sq ft)
25,098 SF
Zone code
ID
Property type
Industrial properties
Property subtype
Other warehouses
APN
004599-09-019
APU
459909019

Description

This exceptional 28,000-square-foot warehouse, located at 971 Harbor Dr, West Columbia, SC 29169, presents a compelling investment opportunity. Built in 2000 and meticulously maintained, this single-tenant industrial building boasts a 6.26% cap rate and a strong net operating income (NOI) of $143,963. The property sits on a 1.85-acre lot and features nine dock-high doors and a 26-foot ceiling height, ideal for warehouse and distribution operations. Currently 100% occupied by Trane Technologies under a Net Lease (NNN) agreement, the tenant recently exercised a lease renewal option, ensuring a stable income stream. The property is zoned ID, allowing for a variety of industrial uses. Its prominent location on I-26 in West Columbia provides excellent visibility and accessibility. This is a secure investment opportunity in a thriving industrial real estate market. The asking price is $2,300,000. This property offers a rare combination of strong tenant occupancy, a favorable lease structure, and a high-yield return, making it an attractive addition to any investment portfolio.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,320,412
    Hospitality
    $3,957,474
    Educational
    $3,292,572
    Medical
    $3,405,809
    Retail
    $5,121,778
971 Harbor Dr, West Columbia, South Carolina

Location Insight

City
West Columbia
County
Lexington
State
South Carolina
Latitude
33.9945
Longitude
-81.1089
CBSA code
17900
CBSA name
COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,061
$9,672
$46,564
$56,236
-
$161,200
$776,072
$937,272

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