Updated Dec 4, 2024
Marcus & Millichap Facilitates $4.3M Sale Of Single-Tenant Office Building In Aiken
2031 South Centennial Avenue
$4,300,000
$83/SF
Building Size
51,250 SF
Asset Type
Office
Closing
Mar 22, 2024
About this deal
AI
The $4.3 million sale of a single-tenant office building in Aiken, Georgia, occupied by UPS Supply Chain Solutions has been facilitated by Marcus & Millichap. The property, located at 2031 South Centennial Avenue, spans 51,250 square feet, resulting in a price per square foot of $84.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,300,000
- Address: 2031 South Centennial Avenue
- Market: Aiken, SC
- Brokers: Ani Paulson & Ben Yelm - Marcus & Millichap
Ani Paulson and Ben Yelm from Marcus & Millichap played a pivotal role in the successful completion of the $4.3 million transaction involving the single-tenant office property. Their expertise and negotiation skills were instrumental in finalizing the deal for the office building occupied by UPS Supply Chain Solutions in Aiken, Georgia.
On the Map
$4,300,000
$83/SF
Office
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Aiken Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93