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For sale
Manufacturing properties
SC
Beaufort
29906
302 Parker Dr

Beaufort Manufacturing Facility on 35+ Acres

302 Parker Dr, Beaufort, SC 29906

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For Sale

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83,960 SF manufacturing facility on 35.7 acres in Beaufort, SC.

Type:Industrial, Special Purpose

Property size:

83,960 SF

Lot size:

35.70 Acres

Price / SF:

$85/SF

HighLights

Large ±83,960 sq ft manufacturing facility on ±35.7 acres with significant laydown yard area.
Strategic location: Approximately 22 miles from I‑95 and US‑17, convenient to Savannah, GA and Charleston, SC.
Heavy power and natural gas infrastructure suitable for manufacturing operations.
Equipped with wet system fire suppression and new LED lighting throughout.
Includes production areas, lab/quality assurance areas, loading/storage areas, and new Class‑A office space.
Recent renovation in 2021.

We can help!

Listing Contact

Don Lewis

For Sale

Contact for pricing

83,960 SF manufacturing facility on 35.7 acres in Beaufort, SC.

Type:Industrial, Special Purpose

Property size:

83,960 SF

Lot size:

35.70 Acres

Price / SF:

$85/SF

Added:: Jun 17, 2024
Days on Market:: 723
Last Refresh:: May 13 at 8:25 pm

Property Features for 302 Parker Dr

General Information

Standard status: Active
Size: 83,960 SF
Lot size: 35.70 Acres
Property subtype: Industrial, Special Purpose

Building Details

Year Built: 1976

We can help!

Listing Contact

Don Lewis

Listing agent Don Lewis License #SC 138388

Listing office Avison Young - Charleston

Listing date Jun 17, 2024

Source Crexi

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 Avison Young - Charleston

HighLights

Large ±83,960 sq ft manufacturing facility on ±35.7 acres with significant laydown yard area.
Strategic location: Approximately 22 miles from I‑95 and US‑17, convenient to Savannah, GA and Charleston, SC.
Heavy power and natural gas infrastructure suitable for manufacturing operations.
Equipped with wet system fire suppression and new LED lighting throughout.
Includes production areas, lab/quality assurance areas, loading/storage areas, and new Class‑A office space.
Recent renovation in 2021.

Overview

Located at 302 Parker Drive in the Beaufort Commerce Park in Beaufort, SC, this manufacturing facility comprises approximately 83,960 square feet on approximately 35.7 acres. The facility is situated approximately 22 miles from the Exit 33 interchange of I-95 and the four-lane highway US-17, 40 miles north of Savannah, GA, and 55 miles south of Charleston, SC. Originally constructed in 1976, the facility underwent additions in 1994 and a renovation in 2021. Originally built for manufacturing airplane and helicopter components, but most recently used as a glass recycling facility, the property features a significant laydown yard area. The building includes production areas, lab and quality assurance areas, loading and storage areas, and ample class-A office space. It also features heavy power, natural gas, a wet system fire suppression, and new LED lighting throughout.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$755.6k	$9.00
− Vacancy	−$37.8k	−$0.45
EGI	$717.9k	$8.55
− OpEx	−$215.4k	−$2.56
NOI	$502.5k	$5.98

83,960 SF · lease $9.00/SF/yr · vacancy 5.00% · expense 30.00%

Alternative Uses

Best Use

Industrial

$7.18M

$6.28M – $8.38M (±1% cap)

NOI $502,501 @ 7.0% cap · market cap 7.03%

Second Best

—

no second resolved use

Theoretical Best

Office A

$25.33M

$22.17M – $29.55M (±1% cap)

NOI $1,773,235 @ 7.0% cap · market cap 24.80%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Parker-Hannifin Racor Division Industrial Manufacturer GlassWRX Industrial Manufacturer

Suggested Use

Location Insight

Map
Local Demand

City: Beaufort
County: Beaufort
State: South Carolina
Longitude: -80.7606841
Latitude: 32.4667314

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For sale
Manufacturing properties
SC
Beaufort
29906
302 Parker Dr

What type of property is this?

Manufacturing property - 83,960 SF manufacturing facility on 35.7 acres in Beaufort, SC.

Where is this manufacturing property located?

The property is located at 302 Parker Dr Beaufort, SC.

What is the asking price?

The asking price for this property is $7,150,000.

What are key features of this property?

This property features: Large ±83,960 sq ft manufacturing facility on ±35.7 acres with significant laydown yard area.; Strategic location: Approximately 22 miles from I‑95 and US‑17, convenient to Savannah, GA and Charleston, SC.; Heavy power and natural gas infrastructure suitable for manufacturing operations.