For Sale

1244 Boston Avenue

1244 Boston Avenue , Cayce, South Carolina 29170

Summary

Great Investment Income Opportunity
— Single tenant since 1985
— ±51,788 SF Office Building
— ±4.23 Acre Site
— Building renovated in 2006 and continually
— NOI (Seven-year average): $390,251
— 8.7% CAP Rate
— Easy access to Interstate 26 (±0.5 mi)
— Zoning: C-2 (Neighborhood Commercial)
— Ample parking: 282 Spaces (Ratio of 5.4 : 1,000 SF)
— State government Gross Lease
— Lease until June 30, 2022 at $14.75 PSF
— Awaiting three- or five-year renewal option
— SALE PRICE: $4,500,000

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