1230 Veterans Rd Columbia, SC 29209-3754

Property Details for 1230 Veterans Rd

Year built

2002

Lot size

5.45 lot acres

Property size

10,638 SF

Zone code

M-1

Property type

Commercial real estate

APN

R16301-03-01

APU

R163010301

Description

Exceptional investment opportunity in Columbia, South Carolina, presenting a ±43,600 square foot flex building currently 100% occupied by REI Automation, INC., a subsidiary of the Hahn Group, under an absolute NNN lease with a remaining term of seven years (expiring October 30, 2029). This property boasts a strong 6.37% cap rate and a substantial net operating income (NOI) of $390,000. Built in 2002 and 2006, the building features two loading docks, two dock-high doors, and ceiling heights ranging from 19 to 32 feet. Situated on a 7.7-acre lot in Richland County, the property offers ample parking with 64 spaces. The permitted zoning is Ec-Light Manufacturing & Research & Development, reflecting its versatility. The asking price is $5,600,000, translating to a price per square foot of $142.44. This property presents a rare opportunity to acquire a high-performing asset in a thriving market with low vacancy rates. The property's location within the Southeast submarket of Columbia's industrial sector benefits from a robust and expanding commercial landscape. The property's strong tenant, long-term lease, and impressive financial metrics make it an attractive investment for discerning buyers. Further details, including a virtual tour, are available upon request.