35 Varden Dr Aiken, SC 29803-5275

Property Details for 35 Varden Dr

Year built

1984

Construction

WOOD

Lot size

0.59 lot acres

Property size

9,808 SF

Property type

Office buildings

APN

106-06-23-004

APU

1060623004

Description

This exceptional investment opportunity presents two fully occupied, professional office buildings totaling 21,632 square feet situated on a 1.42-acre lot in Aiken, South Carolina's Hitchcock Office Park. The property, comprised of two two-story buildings constructed in 1984 and renovated in 2017 and 2018, boasts 10 individual suites ranging from 700 to 5,500 square feet, leased to a mix of credit-rated tenants under a gross lease structure. Currently operating at 100% occupancy, this stabilized investment offers immediate cash flow with a compelling 10% cap rate and over $175,000 in annual gross rental income. Rent bumps are in place, ensuring future income growth. The property features ample parking with 50 spaces and benefits from a prime location on Varden Drive, offering high visibility and accessibility with an average daily traffic count of 21,300 vehicles. Monthly HOA dues are $250 per building. Furthermore, the expansive lot provides potential for future development, adding significant long-term value. This is a rare opportunity to acquire a high-performing, multi-tenant office complex in a thriving South Carolina market.

Location Insight

City

Aiken

County

Aiken

State

South Carolina

Longitude

-81.7462

Latitude

33.5289

CBSA code

12260

CBSA name

AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments