Columbia Flex Building For
1240 Veterans Rd Columbia, SC
1240 Veterans Rd, Columbia, SC, 00000
Contact for pricing
For Sale
Contact for pricing
43,600 SF flex building in Columbia, South Carolina.
Property Size43,600 SF
Lot Size7.68 Acres
Price / SF$140.48
Days on Market469
Property Features for 1240 Veterans Rd
General Information
- Standard status
- Active
- Size
- 43,600 SF
- Lot size
- 7.68 Acres
- Property subtype
- INDUSTRIAL
Listing agency
Wilson Kibler | Columbia
(803) 255-8603
Listed by
George T. McCutchen III · License #46745
Source
Moodyscre
Added: Apr 10, 2025 Updated: Jul 6 at 9:34AM Checked: Jul 21 at 6:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wilson Kibler | Columbia
Investment Insights
Based on property information with market context.
The property at 1240 Veterans Road in Columbia, South Carolina, presents an opportunity to acquire a 100% leased, approximately 43,600-square-foot flex building. The property is located in the southeast submarket of the Columbia industrial market and features a NNN lease with strong cash flows. The Columbia industrial market encompasses 63.1 million square feet with a low vacancy rate of 3.9%. Specifically, the southeast Columbia submarket accounts for 14.8 million square feet and has a 4.3% vacancy rate. The tenant, REI Automation, is a subsidiary of the Hahn Group.
Key Highlights
- 100% leased, ±43,600‑square‑foot flex building
- NNN lease with strong cash flows
- Located in the rapidly expanding Columbia market
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $889.4k | $20.40 |
| − Vacancy | −$57.8k | −$1.33 |
| EGI | $831.6k | $19.07 |
| − OpEx | −$291.1k | −$6.68 |
| NOI | $540.6k | $12.40 |
43,600 SF · lease $20.40/SF/yr · vacancy 6.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$7.72M
$6.76M – $9.01M
NOI $540,557 @ 7.0% cap · market cap 8.83%
Second Best
Industrial
$7.60M
$6.65M – $8.87M
NOI $532,330 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$10.74M
$9.39M – $12.53M
NOI $751,524 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
REI Automation Inc
Industrial Manufacturer
Similar For Sale Nearby
Similar Off Market Nearby
- Southern Way Catering — 100 E Exchange Pl, Columbia, SC 29209
- Atlas Food Systems & Services (Columbia, SC Office) — 110 Leventis Dr, Columbia, SC 29209
- Apple Spice Box Lunch Delivery & Catering Columbia, SC — 1240 1st St S suite d, Columbia, SC 29209
FAQs
What type of property is this?
Flex space - 43,600 SF flex building in Columbia, South Carolina.
Where is this flex space located?
The property is located at 1240 Veterans Rd Columbia, SC.
What is the asking price?
The asking price for this property is $6,125,000.
What are key features of this property?
This property features: 100% leased, ±43,600‑square‑foot flex building; NNN lease with strong cash flows; Located in the rapidly expanding Columbia market
