Investment Overview

We are pleased to offer for sale this single-tenant government leased office building located at 181 Dozier Blvd., in flourishing Florence, South Carolina. The property consists of a 16,656 square foot office building (per public records) with 14,953 square feet of net rentable space (per current lease) and was built in 2004. The tenant is in the First 5-year option period, with 4 and is 100% occupied with a gross lease guaranteed by the United States Government (GSA) with Social Security Administration as the tenant. The tenant is in the First 5-year option period with 4 years, 4 months remaining on lease through 7/31/2029. Florence, with a population of 137,059 (per 2020 census) is a flourishing city in South Carolina. In a recent report published by Area Development magazine, Florence has been ranked #48 out of 384 metro areas in the United States for overall economic health. The city's remarkable performance underscores its emergence as a dynamic and prosperous center for economic activity in the region. The recognition from Area Development magazine highlights Florence's exceptional economic development and growth trajectory. Notably, Florence stands alongside Charleston/North Charleston as the only other metro areas in South Carolina to secure a spot in the top 50. The city was founded as a railroad hub and became the junction of three major railroad systems, including the Wilmington and Manchester, the Northeastern, and the Cheraw and Darlington. Florence, South Carolina, is gaining popularity due to its revitalized downtown, diverse offerings in dining and entertainment, and a growing sense of community. The city also boasts a history rich in cultural and educational strides, and its strategic location at the intersection of major highways makes it an attractive destination for both businesses, residents and travelers.