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Single-Tenant Office

UPS | Augusta MSA

2031 S Centennial Ave, Aiken, SC 29803

Listing Price: $4,950,000

Cap Rate
11.43%
Tenant Name
UPS Supply Chain Solutions, Inc.
Years Remaining On Lease
2.9
Gross SF
51,250
Guarantor
Corporate Guarantee
Rentable SF
51,250
Price/Gross SF
$96.59
Lease Type
Double Net
Rent Per Square Feet
$10.92

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the single-tenant office fully leased by UPS Supply Chain Solutions, Inc. Located in Aiken, South Carolina, the building totals 51,250 square-feet and is situated on 4.49 acres. The building recently underwent significant capex repairs, including roof & HVAC replacements, and has a warranty on the roof until 2029. The tenant, UPS, is on a corporate NN lease with approximately 3 years of term remaining, 2% annual escalations, and no remaining options to renew. UPS has investment grade credit ratings of A (S&P) & A2 (Moody’s), and has occupied the subject property for 20+ years. The property is strategically positioned in Centennial Park, with other corporate tenants including Dominion Energy & Ahh Sunshine, in addition to the immediate surrounding area featuring numerous national retailers. Augusta, Georgia is home of Augusta National Golf Club, where the Masters Tournament is played each year. The Augusta-Richmond County metro consists of seven counties: Burke, Columbia, Lincoln, McDuffie and Richmond counties in Georgia, and Aiken and Edgefield counties in South Carolina. There are roughly 620,000 residents in the market, and the region is projected to add 31,000 people and 14,000 households over the next five years. The consolidated city-county of Augusta-Richmond contains approximately 202,500 citizens.

Investment Highlights

  • Single-Tenant Office Asset | Fully Occupied by UPS Supply Chain Solutions, Inc. | NN Lease | Publicly Traded Multinational Tenant with Investment Grade Credit (S&P: A) & (Moody's: A2)
  • UPS is Ranked #34 on the Fortune 500 | 2022 Revenue Reported at $100.3 Billion | Strong In-Place Cash Flow | 2% Annual Escalations | +/- 3 Years of Term Remaining
  • Long-Term Historical Occupancy of 20+ Years | No Remaining Options | Recent HVAC & Roof Replacements | Roof Under Warranty Until 2029
  • Primely Located Just Off Whiskey Rd (38,600+ VPD) & Pine Log Rd Intersection (27,400+ VPD) | Located in High-Growth Submarket Market in the Augusta MSA

Exclusively Listed By

Single-Tenant Office

UPS | Augusta MSA

Listing Price: $4,950,000

Cap Rate
11.43%
Tenant Name
UPS Supply Chain Solutions, Inc.
Years Remaining On Lease
2.9
Gross SF
51,250
Guarantor
Corporate Guarantee
Rentable SF
51,250
Price/Gross SF
$96.59
Lease Type
Double Net
Rent Per Square Feet
$10.92

Investment Highlights

  • Single-Tenant Office Asset | Fully Occupied by UPS Supply Chain Solutions, Inc. | NN Lease | Publicly Traded Multinational Tenant with Investment Grade Credit (S&P: A) & (Moody's: A2)
  • UPS is Ranked #34 on the Fortune 500 | 2022 Revenue Reported at $100.3 Billion | Strong In-Place Cash Flow | 2% Annual Escalations | +/- 3 Years of Term Remaining
  • Long-Term Historical Occupancy of 20+ Years | No Remaining Options | Recent HVAC & Roof Replacements | Roof Under Warranty Until 2029
  • Primely Located Just Off Whiskey Rd (38,600+ VPD) & Pine Log Rd Intersection (27,400+ VPD) | Located in High-Growth Submarket Market in the Augusta MSA

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the single-tenant office fully leased by UPS Supply Chain Solutions, Inc. Located in Aiken, South Carolina, the building totals 51,250 square-feet and is situated on 4.49 acres. The building recently underwent significant capex repairs, including roof & HVAC replacements, and has a warranty on the roof until 2029. The tenant, UPS, is on a corporate NN lease with approximately 3 years of term remaining, 2% annual escalations, and no remaining options to renew. UPS has investment grade credit ratings of A (S&P) & A2 (Moody’s), and has occupied the subject property for 20+ years. The property is strategically positioned in Centennial Park, with other corporate tenants including Dominion Energy & Ahh Sunshine, in addition to the immediate surrounding area featuring numerous national retailers. Augusta, Georgia is home of Augusta National Golf Club, where the Masters Tournament is played each year. The Augusta-Richmond County metro consists of seven counties: Burke, Columbia, Lincoln, McDuffie and Richmond counties in Georgia, and Aiken and Edgefield counties in South Carolina. There are roughly 620,000 residents in the market, and the region is projected to add 31,000 people and 14,000 households over the next five years. The consolidated city-county of Augusta-Richmond contains approximately 202,500 citizens.

Exclusively Listed By

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