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175 Rich-Lex Dr Lexington, SC 29072

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For Sale
$2,120,000

17,500 SF industrial building in Lexington, South Carolina.

Property size:
17,500 SF

Property Features for 175 Rich-Lex Dr

General Information

Size
17,500 SF

Source: Nick Stomski, SIOR Agent Nick Stomski, SIOR

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Lexington Industrial Building For Sale

This 17,500 square foot industrial building, constructed in 1985, is located in the West Columbia/Lexington area, offering convenient access to Highway 378 and Interstate 20. The property is situated on approximately 5.5 acres and is zoned for Intensive Development (ID). There are 35 parking spaces available, with additional overflow parking on site. The property is being offered as an investment sale with a purchase cap rate of 7% and an average cap rate of 7.5%. The base rent/NOI is $144,900. The lease type is NNN with a base lease term of 7 years, commencing in November 2024 and expiring in November 2031. The lease includes two 5-year renewal options and annual rent increases of 3.5%. The building is 100% heated and cooled.
Location Intelligence

Current Use by Public Records

Warehouses

Similar Places Nearby

Storage Sense - Lexington, Master Vault, Shred With Us

Map

City
Lexington
County
Lexington
State
South Carolina
Longitude
-81.2681
Latitude
33.9903

FAQs

What type of property is this?
Warehouse - 17,500 SF industrial building in Lexington, South Carolina.
Where is this warehouse located?
The property is located at 175 Rich-Lex Dr Lexington, SC.
What is the asking price?
The asking price for this property is $2,120,000.
What are key features of this property?
This property features: - Attractive 7% Purchase Cap Rate with a 7.5% Average Cap Rate.; - Stable income stream with $144,900 Net Operating Income (NOI).; - Long-term NNN lease in place until November 2031 with (2) 5-year renewal options.
More about this property
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