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$800,000
Est. payment /mo
11,761 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 11,761 sqft
Price per Sqft $68
MLS Listing ID 196204
Year Built 2004
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 11761.0
Property Sub-Type Office
Source Lowcountry Regional MLS (Beaufort-Jasper County REALTORS®)
Property Description
Positioned in the growing coastal market of Port Royal, 13 Marshellen Drive presents a stabilized, income-producing investment opportunity with long-term security already in place. The property is leased to an in-place tenant through June 30, 2030, providing predictable cash flow and reducing near-term leasing risk for investors.
This asset offers an attractive 7.29% cap rate, delivering strong in-place returns relative to comparable coastal investments. The extended lease term enhances income durability, making it well-suited for investors seeking returns with minimal management intensity.
Strategically located the only business park in Port Royal, the property benefits from continued population growth, expanding tourism, and increasing demand for service-oriented and neighborhood commercial uses. The building has been well maintained with new exterior paint as of 2022 and a new roof as of 2023. Fencing at the rear of the property was added within the last year, as well. The tenant, a thriving & in demand day care, and makes great use of the space, including a kitchenette and 4 bathrooms.
The area has significant nearby developments, including the newly approved $30M+ VA Super Clinic Port Royal, which is expected to drive consistent daytime traffic and employment, as well as the transformative Safe Harbor Development at the Port of Port Royal just up the road, adding residential density, marina activity, and vibrant mixed-use amenities to the immediate area.
Proximity to Beaufort and key regional drivers, including Marine Corps Recruit Depot Parris Island & the Marine Corps Air Station, further supports long-term tenant demand and economic resilience.
13 Marshellen Drive represents a compelling opportunity to acquire a performing asset in a supply-constrained coastal market, offering both stable current income and the potential for future appreciation.
This asset offers an attractive 7.29% cap rate, delivering strong in-place returns relative to comparable coastal investments. The extended lease term enhances income durability, making it well-suited for investors seeking returns with minimal management intensity.
Strategically located the only business park in Port Royal, the property benefits from continued population growth, expanding tourism, and increasing demand for service-oriented and neighborhood commercial uses. The building has been well maintained with new exterior paint as of 2022 and a new roof as of 2023. Fencing at the rear of the property was added within the last year, as well. The tenant, a thriving & in demand day care, and makes great use of the space, including a kitchenette and 4 bathrooms.
The area has significant nearby developments, including the newly approved $30M+ VA Super Clinic Port Royal, which is expected to drive consistent daytime traffic and employment, as well as the transformative Safe Harbor Development at the Port of Port Royal just up the road, adding residential density, marina activity, and vibrant mixed-use amenities to the immediate area.
Proximity to Beaufort and key regional drivers, including Marine Corps Recruit Depot Parris Island & the Marine Corps Air Station, further supports long-term tenant demand and economic resilience.
13 Marshellen Drive represents a compelling opportunity to acquire a performing asset in a supply-constrained coastal market, offering both stable current income and the potential for future appreciation.
Location
State SC
County Beaufort
Interior
Heating Electric, Central
Cooling Electric, Central Air
Exterior
Parking Features Paved
Accessibility Accessible Approach with Ramp, Bath Rails
Building
Foundation Slab
Others
Tax ID R112-034-000-0172-0000
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Listed by The HomesFinder Realty Group