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2031 South Centennial Avenue

Marcus & Millichap Facilitates $4.3M Sale Of Single-Tenant Office Building In Aiken
SOLDOffice

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

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.

Players

Ani Paulson

Marcus & Millichap

Broker

$79.1M

vol

10 deals

Broker

Aiken Office Market Snapshot

Boundary boundary · Office · Sale transactions

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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