Description
Rare income opportunity on Hilton Head. 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 7 years with two 5 year options. Yearly rent increases tied to the CPI index. The Cap Rate is currently at 6.16%.
$2,400,000
-
0BEDS
-
1.16ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Rare income opportunity on Hilton Head. 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 7 years with two 5 year options. Yearly rent increases tied to the CPI index. The Cap Rate is currently at 6.16%.
We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is,” “as available” basis only and may not reflect all real estate activity in the market. ©2021 Multiple Listing Service of Hilton Head Island, Inc. All rights reserved. Certain
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 2021-10-26T23:57:37.86.