Updated Sep 30, 2026
Tim Bassett Of Birdsong Capital Partners Acquires Industrial Property In Duncan For $7.6M
240 Parkway East
$7,600,000
$82/SF
Building Size
92,370 SF
Asset Type
Industrial
Closing
Sep 30, 2026
About this deal
AI
The industrial property located at 240 Parkway East in Duncan, SC, was sold for $7.6 million. This facility, built in 1994, encompasses 92,370 square feet and is situated on 8.96 acres within the Hillside industrial park. The property is fully leased, housing tenants MK Metalfoils USA and EthosEnergy.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,600,000
- Address: 240 Parkway East
- Market: Duncan, SC
- Acres: 8.96
- Square Footage: 92,370
- Price per Square Foot: $82
- Buyer: Tim Bassett - Birdsong Capital Partners
- Seller: Hagen Real Estate
- Brokers: Brian Craver, Warren Snowdon & David Hanna - Foundry Commercial
Tim Bassett represented Birdsong Capital Partners in the acquisition, while Hagen Real Estate was the seller in the transaction. The brokers involved in the deal from Foundry Commercial include Brian Craver, Warren Snowdon, and David Hanna.
On the Map
$7,600,000
$82/SF
Industrial
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Players
Parkway Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93