Verizon Wireless, Lancaster, SC

1107 Highway 9 Bypass West
Lancaster, SC 29720

PROPERTY SOLD

Property: Investment Sales

Square Footage: 4,500

Acreage: 1.57

Price: $1,900,000

Cap Rate: Call

Description:

  • Lancaster is ideally located between Charlotte, NC and Columbia, SC along the I-77 corridor
  • The 4,500 SF retail building was developed on 1.57 acres and completed in October 2010
  • It is positioned on SC Hwy 9 Bypass directly across from Home Depot and next to Walgreens
  • Verizon Wireless corporate is on a 10 year net lease with a 10% rent bump after 5 years
  • The 12 week transaction closed escrow for all cash on November 4, 2010 for $1,900,000
  • The exchange buyer was a high net worth investor out of the Washington D.C. metro area

Verizon Wireless, Lancaster, SC

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Contact

Tyson Glasser, CCIM
Investment Sales Director
(864) 263-5427 - Main
(404) 435-6312 - Mobile
tglasser@realtylinkdev.com