Overview
Cushman & Wakefield, as exclusive advisor, is pleased to offer the opportunity to acquire 348 Millenium Drive in Orangeburg, SC. The 151,474 square foot building is positioned in a premier location along I-26 with convenient access to the Port of Charleston, surrounding southeast markets, and major interstates including I-95 and I-77.
The highly functional facility is partially conditioned and features tilt-wall construction, 28' - 31' 4" clear heights, 6" thick concrete slab floor, and abundant auto parking. Situated on a nearly 21 acre site, the offering provides valueadd opportunities for the next owner including excess land for outdoor storage or building expansion and ability to add additional dock doors and expand the truck court.
The building is currently owned and occupied by GKN Aerospace, which will lease the premises through June 2025. The functional, well-located facility provides an investor or user the opportunity to acquire the building well-below replacement cost in a growing Sunbelt market.
Investment Highlights
Institutional Quality Industrial Asset
• 28’-31’4” Clear Height
• 20.9 acres total, which includes 10+ acres for additional development or parking
• Class A Office Buildout
• Abundant Auto Parking
• Can easily be transformed into the end-user’s desired functionality
Opportunity to Acquire Institutional Asset Below Replacement Cost
• 348 Millenium Drive presents an excellent opportunity to acquire a Class A industrial facility well below replacement cost
• Additional upside potential via developable excess land included in the offering
High-Growth Sunbelt Location
• Unparalleled access to two of South Carolina’s major throughfares, I-26 and I-95
• Located within an hour of the Port of Charleston and two hours of the Port of Savannah, two of the largest ports on the east coast
• Distinguished users located in the area, along with large-scale developments planned or under construction
• Attractive to prospective tenants with available tax incentives and low-cost labor force
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