Value-Add Industrial Warehouse Gross Lease South Carolina

Sands Investment Group is Pleased to Present Exclusively For Sale the 108,300 SF Carolina Climate Controlled Storage Industrial Warehouse Gross Lease Located in Columbia, South Carolina. The Property Features 78 Climate-Controlled Units and an Additional 70,000 SF That is Currently Being Rented Out By Month-to-Month Industrial Tenants. This is the Perfect Opportunity For a Value-Add Investor to Convert the Remaining Space Into an Institutional-Size Self-Storage Facility, While Collecting Cash Flow Off the Current Self-Storage Tenants. Additionally, There is an Adjacent 2.63 Acres Included With the Sale That is Already Paved and Perfect For Outdoor Storage.

• Existing Climate-Controlled Storage Facility With an Additional 70,000 SF That Can Be Converted; This Space is Currently Being Occupied By Month-to-Month Industrial Tenants
• Building Underwent Significant Renovations in 2018, That Included 14 HVAC Unit Replacements
• Adjacent 2.63 Acres Included in the Sale, Which is Fully Paved and Ideal For Outdoor Storage
• Seller is Open to a Longer Due Diligence Period and is Also Open to Keeping Current Management in Place Through the Planning and Permitting Process
• Opportunity to Implement Tenant Insurance Income, Boxes/Locks Sales and Admin/Late Fees
• Property Sits on a 6-Acre Corner Lot With 2 Points of Access on 1st Street South and 1st Avenue
• Limited Competition Within a 3-Mile Radius
• The Columbia MSA is Home to Over 838,000 People and Growing at an Average Annual Growth Rate of 1.51%
• Columbia is the Capital of South Carolina and is Home to the University of South Carolina and the Fort Jackson Army Base

In Cooperation With Sands Investment Group Charleston, LLC – Lic. # 20891 | BoR: Chris Sands – Lic # 93103

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