5244 Festival Trail RdSalley, SC 29137

Property Details for 5244 Festival Trail Rd

Year built

1970

Construction

METAL FRAME

Lot size

8.96 AC

Property size (Sq ft)

64,300 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

293-00-02-013

APU

2930002013

Description

This exceptional industrial property, located at 5244 Festival Trail Road in Salley, South Carolina, offers a unique opportunity. The 64,780-square-foot building sits on a 9-acre lot and features a flexible layout suitable for various industrial uses, including flex space, warehouse, and distribution. Currently, 35,000 square feet of warehouse space is available for lease, boasting three loading docks, one drive-in door, and ample office and restroom facilities. The ceiling height ranges from 18 to 22 feet, providing generous vertical space. The property also includes a substantial laydown yard of approximately 2 acres. A global light manufacturer currently occupies 30,000 square feet under a five-year lease, sharing access to the drive-in door. The property is zoned RUD in Aiken County (APN: 293-00-02-013) and benefits from a strategic location, approximately an hour from both Augusta and Columbia. The asking lease rate for the warehouse space is $3.95 per square foot, and the laydown yard is available for lease at $1500 per acre per month. NNN expenses for 2024 are estimated at $0.86 per square foot. This property presents a compelling investment opportunity with significant potential for growth and profitability. The property is also available for sale.

• CAP approach

  CAP return

  Valuation

  6%

  $23,483,000

  6.5%

  $21,676,600

  7%

  $20,128,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,527,780

  Geo Method

  $8,470,110

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $10,771,200

  Mixed-Use / Specialty

  $10,461,400

  Hospitality / Lodging

  $7,321,830

  Office

  $10,116,600

  Institutional / Educational

  $10,778,600

  Residential Income

  $12,611,000

  Multifamily

  $16,629,600

  Automotive / Energy

  $9,238,840

  Parking / Income-Based Land

  $3,456,360

  Restaurant / Food Service

  $4,861,820

  Healthcare / Senior Housing

  $11,006,300

Location Insight

City

Salley

County

Aiken

State

South Carolina

Latitude

33.56

Longitude

-81.3043

CBSA code

12260

CBSA name

AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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