Description
Rare income opportunity on Hilton Head Island. Class B office building located in the Indigo Run area of the Island. This property is 100% leased with a long-term tenant. Currently, the lease is for 10 years with two 5 year options. Yearly rent increases are set at 3% each January. The Cap Rate is currently at 6.34%.
$2,000,000
SOLD - 04/26/2022
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0BEDS
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1.16ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Rare income opportunity on Hilton Head Island. Class B office building located in the Indigo Run area of the Island. This property is 100% leased with a long-term tenant. Currently, the lease is for 10 years with two 5 year options. Yearly rent increases are set at 3% each January. The Cap Rate is currently at 6.34%.
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information contained herein is derived from information which is the licensed property of, and copyrighted by, Multiple Listing Service of Hilton Head Island, Inc. Data last updated 2022-08-15T10:57:55.583.