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Extra Space Storage (3PM) 2729 E Palmetto 69,313 SF 100% Leased Retail Building Florence, SC 29506 $16,471,856 CAD ($237.64 CAD/SF)
EXECUTIVE SUMMARY
2023 conversion property in late stage lease-up
Opportunity to expand with parking immediately
Additional expansion around the perimeter at buyer discretion
Rent Income increased 30.1% over the past 12 months
Asking rents are only 78% of competitive rental rates
No competitors within 3-miles, 6 within 5 miles
Strategic location located on major corridor (US-52)
Close proximity to McLeod Health and Honda of South Carolina
Opportunity to expand with parking immediately
Additional expansion around the perimeter at buyer discretion
Rent Income increased 30.1% over the past 12 months
Asking rents are only 78% of competitive rental rates
No competitors within 3-miles, 6 within 5 miles
Strategic location located on major corridor (US-52)
Close proximity to McLeod Health and Honda of South Carolina
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
69,313 SF
Building Class
B
Year Built
1962
Price
$16,471,856 CAD
Price Per SF
$237.64 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
8.64 AC
Zoning
c - General Business
Parking
250 Spaces (3.61 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 90152-01-003 | Improvements Assessment | $77,715 CAD |
| Land Assessment | $12,973 CAD | Total Assessment | $90,688 CAD |
PROPERTY TAXES
Parcel Number
90152-01-003
Land Assessment
$12,973 CAD
Improvements Assessment
$77,715 CAD
Total Assessment
$90,688 CAD
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Extra Space Storage (3PM) | 2729 E Palmetto
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