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ISLAND BUSINESS PARK 148 Island Dr 13,440 SF 100% Leased Industrial Building Hilton Head, SC 29926 $5,642,340 CAD ($419.82 CAD/SF) 6.73% Cap Rate
Investment Highlights
- Quick access to Hilton Head Airport and under an hour to Savannah/Hilton Head International Airport.
Executive Summary
ISLAND BUSINESS PARK IS A MULTI-TENANT OFFICE/WAREHOUSE INVESTMENT PROPERTY.
THE BUILDINGS ARE 100% LEASED WITH LONG TERM TENANTS.
BUILDING ONE IS 9960 SF WITH 9 UNITS AND 7 DIFFERENT TENANTS.
UNIT 1 A: 1000 SF. ON OFFICE AND WAREHOUSE.
UNIT 1 B: 1000 SF. WAREHOUSE.
UNIT 2: 2000 SF. TWO OFFICES AND WAREHOUSE.
UNIT 3: 1000 SF. TWO OFFICES AND WAREHOUSE.
UNIT 4:1000 SF. WAREHOUSE.
UNIT 5: 1000 SF. TWO OFFICES AND WAREHOUSE.
UNIT 6: 1000 SF. WAREHOUSE.
UNIT 7: 1000 SF. WAREHOUSE.
UNIT 8: 960 SF. ONE OFFICE AND WAREHOUSE.
BUILDING TWO IS 3480 SF WITH 3 UNITS AND 2 DIFFERENT TENANTS. UNIT SIZES ARE ALL 1160 SF.
UNIT 9: 1160 SF. ONE OFFICE AND WAREHOUSE.
UNIT 10: 1160 SF. WAREHOUSE.
UNIT 11: 1160 SF. ONE OFFICE AND WAREHOUSE.
ALL UNITS HAVE HVAC.
ALL UNITS HAVE ONE BATHROOM.
ANDERSON WINDOWS IN ALL UNITS EXCEPT 9, 10 , AND ONE WINDOW IN 11.
ALL UNITS ARE INDIVIDUALLY METERED FOR ELECTRICITY.
FIRST FLOOR ELEVATION IS 14.5 FEET.
THE BUILDINGS HAVE A STANDING SEAM ROOF.
PALMETTO ELECTRIC SECURITY LIGHTS.
LOT SIZE IS 1.45 ACRES.
RECENT IMPROVEMENTS:
ALL DOORS FRAMES, DOORS, WINDOW FRAMES AND BOLLARDS HAVE BEEN PAINTED.
ALL TREES ARE TRIMMED.
SOME OFFICES WERE PAINTED AND NEW TILE FLOORS INSTALLED.
RAILROAD TIE WALLS AT THE FRONT ENTRANCE HAVE BEEN REBUILT.
NEW PAVING IN A FEW AREAS.
GUTTERS AND DOWNSPOUTS HAVE BEEN REPAIRED WITH A 10 YEAR WARRANTY AND CLEANED.
CURRENT NOI AS OF 5/1/26 IS $277668.
PROJECTED NOI AS OF 12/31/26 IS $287724.
OWNERS OF BUILDING ARE LICENSED SCREB AND SCREA.
THE BUILDINGS ARE 100% LEASED WITH LONG TERM TENANTS.
BUILDING ONE IS 9960 SF WITH 9 UNITS AND 7 DIFFERENT TENANTS.
UNIT 1 A: 1000 SF. ON OFFICE AND WAREHOUSE.
UNIT 1 B: 1000 SF. WAREHOUSE.
UNIT 2: 2000 SF. TWO OFFICES AND WAREHOUSE.
UNIT 3: 1000 SF. TWO OFFICES AND WAREHOUSE.
UNIT 4:1000 SF. WAREHOUSE.
UNIT 5: 1000 SF. TWO OFFICES AND WAREHOUSE.
UNIT 6: 1000 SF. WAREHOUSE.
UNIT 7: 1000 SF. WAREHOUSE.
UNIT 8: 960 SF. ONE OFFICE AND WAREHOUSE.
BUILDING TWO IS 3480 SF WITH 3 UNITS AND 2 DIFFERENT TENANTS. UNIT SIZES ARE ALL 1160 SF.
UNIT 9: 1160 SF. ONE OFFICE AND WAREHOUSE.
UNIT 10: 1160 SF. WAREHOUSE.
UNIT 11: 1160 SF. ONE OFFICE AND WAREHOUSE.
ALL UNITS HAVE HVAC.
ALL UNITS HAVE ONE BATHROOM.
ANDERSON WINDOWS IN ALL UNITS EXCEPT 9, 10 , AND ONE WINDOW IN 11.
ALL UNITS ARE INDIVIDUALLY METERED FOR ELECTRICITY.
FIRST FLOOR ELEVATION IS 14.5 FEET.
THE BUILDINGS HAVE A STANDING SEAM ROOF.
PALMETTO ELECTRIC SECURITY LIGHTS.
LOT SIZE IS 1.45 ACRES.
RECENT IMPROVEMENTS:
ALL DOORS FRAMES, DOORS, WINDOW FRAMES AND BOLLARDS HAVE BEEN PAINTED.
ALL TREES ARE TRIMMED.
SOME OFFICES WERE PAINTED AND NEW TILE FLOORS INSTALLED.
RAILROAD TIE WALLS AT THE FRONT ENTRANCE HAVE BEEN REBUILT.
NEW PAVING IN A FEW AREAS.
GUTTERS AND DOWNSPOUTS HAVE BEEN REPAIRED WITH A 10 YEAR WARRANTY AND CLEANED.
CURRENT NOI AS OF 5/1/26 IS $277668.
PROJECTED NOI AS OF 12/31/26 IS $287724.
OWNERS OF BUILDING ARE LICENSED SCREB AND SCREA.
Property Facts
| Price | $5,642,340 CAD | Rentable Building Area | 13,440 SF |
| Price Per SF | $419.82 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1999 |
| Cap Rate | 6.73% | Parking Ratio | 2.23/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 15’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 13 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 1.45 AC | ||
| Zoning | IL - Light Industrial | ||
| Price | $5,642,340 CAD |
| Price Per SF | $419.82 CAD |
| Sale Type | Investment |
| Cap Rate | 6.73% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.45 AC |
| Rentable Building Area | 13,440 SF |
| No. Stories | 1 |
| Year Built | 1999 |
| Parking Ratio | 2.23/1,000 SF |
| Clear Ceiling Height | 15’ |
| No. Drive In / Grade-Level Doors | 13 |
| Opportunity Zone |
Yes |
| Zoning | IL - Light Industrial |
Amenities
- 24 Hour Access
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R511-008-00A-0114-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $53,442 CAD |
Property Taxes
Parcel Number
R511-008-00A-0114-0000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$53,442 CAD
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Photos
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Presented by
Brutschy & Company
ISLAND BUSINESS PARK | 148 Island Dr
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