Properties

Verizon Wireless, Beaufort, SC

264 Robert Smalls Parkway
Beaufort, SC 29906

PROPERTY SOLD

Property: Investment Sales

Square Footage: 4,500

Price: $2,307,700

Cap Rate: Call

Description:

• Located between Charleston and Savannah next to Hilton Head Island
• 4,500 square foot retail building developed on 1.0 acres in early 2010
• Trade area’s main traffic corridor between Super Wal Mart and Lowe’s
• Verizon signed a 10 year lease with a 10% rent bump after 5 years
• The financed transaction closed escrow on June 24th for $2,307,700
• The buyer was a private investment group out of South Carolina