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240 & 250 Industrial Way 14,123 SF 100% Leased Industrial Building Myrtle Beach, SC 29579 $3,395,174 CAD ($240.40 CAD/SF) 6.24% Cap Rate



Investment Highlights
- 14,123 SF multi-unit flex building - For Sale
- 100% occupancy with value-add ability
- High connectivity - Convenient to Highways 31, 501, 17 Bypass & Business
- Small-bay flex investment opportunity
- Built in 2023 / Almost new construction
- 275,000+ residents within 30 minute drive
Executive Summary
240-250 Industrial Way is a 14,123 square foot multi-tenant light industrial building in the Waccamaw Industrial Park. Built in 2023, this small-bay flex building is fully occupied, with units ranging from 1,813 to 4,410 square feet. 27 marked parking spaces with additional room for perimeter parking. Each unit includes at least 645 square feet of office space including multiple offices, reception area, and restroom, with warehouse space equipped with 6" slab, 12' overhead doors, LED lighting, 16' eaves, and 208v power.
This site is located in Phase 4 the Myrtle Beach, SC MSA's most established light industrial/flex development, the Waccamaw Industrial Park, and is accessible from
George Bishop Parkway, a secondary thoroughfare with a traffic count exceeding 28,000 vehicles per day connecting residential and commercial populations in the Carolina Forest submarket to Myrtle Beach International Airport and tourist populations and businesses along the Atlantic Oceanfront. Both Highways 17 Bypass and 501 are located within 1 mile of this property, and provide connectivity to communities along the coast, along with Highway 22, providing connectivity to high-growth inland submarkets in central and western Horry County.
This site is located in Phase 4 the Myrtle Beach, SC MSA's most established light industrial/flex development, the Waccamaw Industrial Park, and is accessible from
George Bishop Parkway, a secondary thoroughfare with a traffic count exceeding 28,000 vehicles per day connecting residential and commercial populations in the Carolina Forest submarket to Myrtle Beach International Airport and tourist populations and businesses along the Atlantic Oceanfront. Both Highways 17 Bypass and 501 are located within 1 mile of this property, and provide connectivity to communities along the coast, along with Highway 22, providing connectivity to high-growth inland submarkets in central and western Horry County.
Property Facts
Utilities
- Water
- Sewer
- Heating
1 1
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 42610010001 | Improvements Assessment | $2,654,870 CAD |
| Land Assessment | $983,878 CAD | Total Assessment | $3,638,748 CAD |
Property Taxes
Parcel Number
42610010001
Land Assessment
$983,878 CAD
Improvements Assessment
$2,654,870 CAD
Total Assessment
$3,638,748 CAD
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240 & 250 Industrial Way
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