Mixed-Use

Summerville Flex-Offices

1231 Boonehill Rd, Summerville, SC 29483

Listing Price: $982,283

Cap Rate
7.73%
Gross SF
9,600
Rentable SF
9,600
Price/Gross SF
$102.32
Lot Size
1.26 acres
Year Built
1996

Investment Overview

Marcus & Millichap is pleased to present 1231 & 1235 Boone Hill Rd, two flex-office buildings totaling 9,600 square-feet in the Charleston Metro Area. The properties rest on approximately 1.26 total acres in the Summerville submarket, with one building being 3,600 square-feet and the other 6,000 square-feet. The majority of space is for office use and each suite has flex/warehouse space in the back with roll-up doors. The tenant mix is eclectic and includes pest control experts, a real estate company, fitness center, and technology integration firm. The majority of tenants are on NNN leases with varying terms remaining and options to renew. The subject properties are directly adjacent to Summerville High School and multiple apartment complexes. With several large retail and housing developments underway, Summerville is considered one of the fastest growing cities in South Carolina.

Investment Highlights

  • Two Flex-Office Buildings 100% Occupied by Six Total Tenants
  • Majority of Tenants on NNN Leases (See Lease Summary for Details)
  • Favorable Annual Rent Escalations

Exclusively Listed By

Listing Price: $982,283

Cap Rate
7.73%
Gross SF
9,600
Rentable SF
9,600
Price/Gross SF
$102.32
Lot Size
1.26 acres
Year Built
1996

Investment Highlights

  • Two Flex-Office Buildings 100% Occupied by Six Total Tenants
  • Majority of Tenants on NNN Leases (See Lease Summary for Details)
  • Favorable Annual Rent Escalations

Investment Overview

Marcus & Millichap is pleased to present 1231 & 1235 Boone Hill Rd, two flex-office buildings totaling 9,600 square-feet in the Charleston Metro Area. The properties rest on approximately 1.26 total acres in the Summerville submarket, with one building being 3,600 square-feet and the other 6,000 square-feet. The majority of space is for office use and each suite has flex/warehouse space in the back with roll-up doors. The tenant mix is eclectic and includes pest control experts, a real estate company, fitness center, and technology integration firm. The majority of tenants are on NNN leases with varying terms remaining and options to renew. The subject properties are directly adjacent to Summerville High School and multiple apartment complexes. With several large retail and housing developments underway, Summerville is considered one of the fastest growing cities in South Carolina.

Exclusively Listed By

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