1070 Silver Bluff RdAiken, SC 29803

Property Details for 1070 Silver Bluff Rd

Year built

1988

Construction

METAL FRAME

Lot size

3.70 AC

Property size (Sq ft)

39,024 SF

Property type

Office buildings

APN

106-19-20-001

APU

1061920001

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $6,651,440

  6.5%

  $6,139,790

  7%

  $5,701,240

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,855,410

  Geo Method

  $3,212,850

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $13,155,600

  Retail / Commercial

  $6,537,110

  Mixed-Use / Specialty

  $6,349,080

  Hospitality / Lodging

  $4,443,660

  Institutional / Educational

  $6,541,610

  Residential Income

  $7,653,690

  Multifamily

  $10,092,600

  Automotive / Energy

  $5,607,100

  Parking / Income-Based Land

  $2,097,680

  Restaurant / Food Service

  $2,950,660

  Healthcare / Senior Housing

  $6,679,780

Location Insight

City

Aiken

County

Aiken

State

South Carolina

Latitude

33.5116

Longitude

-81.7376

CBSA code

12260

CBSA name

AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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