1578 Dividend LoopMyrtle Beach, SC 29577

  • Industrial properties
  • 12,920 SF
For Sale
$2,675,000 View listing

Property Details for 1578 Dividend Loop

Year built
2009
Construction
CONCRETE
Lot size
1.35 AC
Property size (Sq ft)
12,920 SF
Property type
Industrial properties
Property subtype
Other warehouses
APN
442-04-04-0016
APU
44204040016

Description

This exceptional 12,920-square-foot warehouse facility in Myrtle Beach, South Carolina, presents a compelling investment opportunity. Built in 2009, the single-story building sits on a 1.35-acre lot and is zoned for Limited Manufacturing (LM). Currently leased to a BBB+ Investment Grade Corporate Tenant, Johnson Controls Inc., the property boasts a strong lease history since its construction. The tenant occupies the entire space, providing a stable income stream. Located in the thriving North Industrial Park, this property benefits from its proximity to key transportation arteries, including Myrtle Beach International Airport (less than one mile away), and major retail destinations like Coastal Grand Mall (under a mile). The strategic location also offers easy access to the Atlantic Ocean resorts and tourist attractions (two miles). The North Industrial Park is a well-established business hub, home to numerous national and regional companies. Myrtle Beach's rapid growth, ranked 5th fastest-growing metro area in the US in 2020, further enhances the investment potential of this property. The asking price is $2,675,000, with a current base rent of $175,468, subject to 3% annual increases. This is a single-tenant, Net-Net-Net (NNN) lease. The property's APN is 44204040016. This is a rare opportunity to acquire a high-quality industrial asset in a rapidly expanding market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,597,845
    Hospitality
    $2,379,612
    Educational
    $1,979,810
    Medical
    $2,047,898
    Retail
    $3,079,704
1578 Dividend Loop, Myrtle Beach, South Carolina

Location Insight

City
Myrtle Beach
County
Horry
State
South Carolina
Latitude
33.6936
Longitude
-78.9245
CBSA code
34820
CBSA name
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 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
-
$12,284
$67,590
$79,874
-
$204,730
$1,126,500
$1,331,230

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