Los Angeles, CA (PRWEB) February 12, 2014
The Royston Group has listed for sale two industrial warehouse properties comprising of 171,000 square feet located in the cities of Loris and Columbia, South Carolina. Both properties are net leased to building supply company Builders FirstSource.
The Loris property was constructed in 2007 and consists of 2 buildings totaling 65,000 square feet sitting on 24 acres of land. Located in the Loris Commerce Park the property is leased to Builders FirstSource for 15 years with 8 years currently remaining on the lease. The property is offered free and clear of financing with a list price of $4,700,000 (7.96% Cap Rate).
The Columbia property was constructed in 2005 and consists of 3 buildings totaling 106,000 square feet sitting on 22 acres of land. The site is surrounded by other industrial properties leased to large companies such as Bose, Belk and Seimens among others. The property is net leased to Builders FirstSource for 15 years with 6 years currently remaining on the lease. The property is offered with an assumable non-recourse loan with a list price of $7,300,000 (7.71% Cap Rate).
Greg Cortese and Rob Sutton of The Royston Group started marketing the property in early February. The properties are well located near major freeways in high growth areas. The properties are available for purchase as a portfolio or as single asset investments.
“The revival of the U. S. manufacturing, a demand for industrial space and the growth of e-commerce are increasing investment in industrial space nationwide” said President Greg Cortese.
Greg Cortese, President of The Royston Group and Rob Sutton, Vice President, specialize in the sale of single tenant net lease properties. The Royston Group is a privately held commercial real estate investment firm, founded in 1992. It provides services for a multitude of net lease commercial property types including office, industrial, retail and medical. The company serves an array of clients including high-net worth individuals, developers of office, industrial and retail properties, institutional REITs and pension funds. The firm has completed over $1.2 billion in real estate sales since its inception. More information on the firm can be found at http://www.theroystongroup.com.