Orangeburg, SC – The Net Lease Group (“NLG”) is pleased to announce the sale of a 201,000-square-foot multi-tenant industrial portfolio at Carolina Regional Park in Orangeburg, SC. The six-building industrial portfolio sold for $11,750,000 and was 100% occupied at the time of the sale. The six buildings were situated on approximately 20 acres.
Joe Durkin, Vice President of the Net Lease Group, represented the Seller in the transaction. “We are pleased to have executed the sale of this portfolio while exceeding our client’s pricing expectations. The Orangeburg market has seen interest from investors increase over the past 24 months due to its central South Carolina location. This transaction indicates the continued strength of the Class B industrial market in South Carolina, even in the current capital market conditions.”
Carolina Regional Park is an 80+ acre mixed-use business park at I-26 and US Highway 601. Its largest industrial tenants include a national construction company, an automotive parts manufacturing company and a full-line seeding company.
NLG also offers 3.85 acres of developable land exclusively within Carolina Regional Park, located at the eastern corner of Regional Parkway and Citadel Road.
Joe Durkin can be reached at (843) 897-6978 to discuss this opportunity.
The Net Lease Group (NLG) is an investment advisory and brokerage firm specializing in corporate, institutional, and private execution of single and multi-tenant net lease transactions across all markets. NLG provides Investment Sales, Sale-Leaseback Advisory, Build-to-Suit Advisory, Development Services, Debt-Equity Placement, and Private Client Services throughout the United States.