Shopping Strip
Hope Plaza + Lexington Flex Park
1812 Augusta Hwy, Lexington, SC 29072
Listing Price: $3,400,000
Cap Rate
8.00%
Gross SF
34,619
Rentable SF
34,619
Price/Gross SF
$98.21
Lot Size
4.55 acres
Year Built
2006
Investment Overview
Marcus & Millichap is pleased to present for sale Hope Plaza + Lexington Flex Park located in Lexington, South Carolina.
Hope Plaza + Lexington Flex Park
Investment Highlights
- 34,619-SF Multi-Tenant Retail and Flex-Industrial Property
- Retail & Flex Offering Priced at $98/SF | Average Suite Size = 1,730/SF
- 100% Occupied | Twenty (20) Tenants | Multiple Buildings | Multiple Access Points
- Small Bay Flex-Industrial Suites with Rollup Doors | Ceiling Clear Heights: ~12-ft | Approx. 80% Warehouse & 20% Office
- Diversified Tenant Mix: Restaurant, Brewery, Salons, Small Businesses | Historically Stable Property with High Occupancy
- Low Rents and All Tenants on Gross Leases: Upside Potential via Mark to Market and Converting Gross Leases to NNN
- Tenants Have no Renewal Options: Clear Path to Upside Potential
Listing Price: $3,400,000
Cap Rate
8.00%
Gross SF
34,619
Rentable SF
34,619
Price/Gross SF
$98.21
Lot Size
4.55 acres
Year Built
2006
Investment Highlights
- 34,619-SF Multi-Tenant Retail and Flex-Industrial Property
- Retail & Flex Offering Priced at $98/SF | Average Suite Size = 1,730/SF
- 100% Occupied | Twenty (20) Tenants | Multiple Buildings | Multiple Access Points
- Small Bay Flex-Industrial Suites with Rollup Doors | Ceiling Clear Heights: ~12-ft | Approx. 80% Warehouse & 20% Office
- Diversified Tenant Mix: Restaurant, Brewery, Salons, Small Businesses | Historically Stable Property with High Occupancy
- Low Rents and All Tenants on Gross Leases: Upside Potential via Mark to Market and Converting Gross Leases to NNN
- Tenants Have no Renewal Options: Clear Path to Upside Potential
Investment Overview
Marcus & Millichap is pleased to present for sale Hope Plaza + Lexington Flex Park located in Lexington, South Carolina.
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