Office

Summerville Multi-Tenant Office

89 Old Trolley Rd, Summerville, SC 29485

Listing Price: $1,954,457

Cap Rate
7.58%
Gross SF
14,251
Rentable SF
14,251
Price/Gross SF
$137.15
Lot Size
1.59 acres
Year Built
1997

Investment Overview

Marcus & Millichap is pleased to present the 89 & 87 Old Trolley Road portfolio investment, a multi-tenant office building totaling 14,251 square-feet and adjacent 0.39 acres of land. 89 Old Trolley Road is a two-story office building with a new roof as of 2018 and features mostly medical tenants on modified gross leases with its major tenant, a dental practice, occupying 4,000 square-feet on a NN lease. 87 Old Trolley Road is 0.39 acres of land with a 1,276 square-foot single-story building occupied by a tenant on a short-term lease. Positioned in the Old Trolley Road retail corridor of Summerville, the subject properties are directly adjacent to a BI-LO shopping center and are ideal for a value-add investor or redevelopment.

Investment Highlights

  • Multi-Tenant Office Building 73% Occupied by Primarily Medical Tenants
  • Modified Gross Leases | Major Tenant on NN Lease
  • Newly Renovated in 2018 with New Roof & Interior Renovations

Exclusively Listed By

Office

Summerville Multi-Tenant Office

Listing Price: $1,954,457

Cap Rate
7.58%
Gross SF
14,251
Rentable SF
14,251
Price/Gross SF
$137.15
Lot Size
1.59 acres
Year Built
1997

Investment Highlights

  • Multi-Tenant Office Building 73% Occupied by Primarily Medical Tenants
  • Modified Gross Leases | Major Tenant on NN Lease
  • Newly Renovated in 2018 with New Roof & Interior Renovations

Investment Overview

Marcus & Millichap is pleased to present the 89 & 87 Old Trolley Road portfolio investment, a multi-tenant office building totaling 14,251 square-feet and adjacent 0.39 acres of land. 89 Old Trolley Road is a two-story office building with a new roof as of 2018 and features mostly medical tenants on modified gross leases with its major tenant, a dental practice, occupying 4,000 square-feet on a NN lease. 87 Old Trolley Road is 0.39 acres of land with a 1,276 square-foot single-story building occupied by a tenant on a short-term lease. Positioned in the Old Trolley Road retail corridor of Summerville, the subject properties are directly adjacent to a BI-LO shopping center and are ideal for a value-add investor or redevelopment.

Exclusively Listed By

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