Beaufort Manufacturing Facility on 35+
For Sale
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302 Parker Dr, Beaufort, SC 29906
83,960 SF manufacturing facility on 35.7 acres in Beaufort, SC.
Property Size83,960 SF
Lot Size35.70 Acres
Price / SF$85.16
Days on Market867
Property Features for 302 Parker Dr
General Information
Standard status
Active
Size
83,960 SF
Class
A
Lot size
35.70 Acres
Property subtype
Industrial, Special Purpose
Zoning
LI - Light Industrial
Investment Type
Owner/User
Building Details
Year Built
1976
Year Renovated
2021
Stories
1
Units
1
Listing Agency:
Avison Young - Charleston
Listed By:
Alex Irwin · License #SC 86536
(843) 637-5013
Source:
Crexi
Added: Jun 17, 2024
Changed: Oct 25
Last Checked: Oct 30 at 2:14PM
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
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Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$502,501
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,050,020
$10.1M
Cap Rate 7%
$7,178,586
$7.2M
Cap Rate 9%
$5,583,344
$5.6M
Market Conditions
NOI Build-Up for 83,960 SF
Gross rent
$755.6K $9.00/SF
− Vacancy
−$37.8K −$0.45/SF
EGI
$717.9K $8.55/SF
− OpEx
−$215.4K −$2.56/SF
NOI
$502.5K $5.98/SF
Area
Beaufort County, SC
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,050,020
Cap Rate 7%
$7,178,586
Cap Rate 9%
$5,583,344
Alternative Uses
Best Use
Industrial
$7.18M
$6.28M – $8.38M
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
NOI $1,773,235 @ 7.0% cap · market cap 24.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
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Business Placement
Demographics for 29906, SC
22,608
Population
11,028
Households
2.1
Avg Household Size
31
Median Age
24%
College-Educated
91%
High-School Grad
45.0 sq mi
ZIP Area
502
Density / Sq Mi
$61,350
Median Household Income
$32,253
Median Earnings
$1,377
Median Rent
$236,900
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
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.
