Description
240 Acres Drive is an income-producing truck parking facility offering a 7% cap rate. The 1.41-AC site is zoned General Commercial in Berkeley County. The facility contains 22 bays operating at 95% occupancy with an annual NOI of $68,040.This turnkey investment offers immediate income from an existing operating business, generating approximately $5,670 in monthly rental income from an established tenant base of recurring monthly and nightly customers. The property benefits from an approved Outdoor Storage Special Exception for truck and trailer storage operations, along with newly added improvements and existing infrastructure including gated access, security cameras, lighting, gravel surfacing, and TruckBays management software. Operational systems are already established for reservations, billing, tenant management, and access control, providing buyers with a stabilized cash-flowing IOS asset.
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0BEDS
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1.41ACRES
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0BATHS
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01/2 BATHS
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1SQFT
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$850,000$/SQFT
School Ratings & Info
Description
240 Acres Drive is an income-producing truck parking facility offering a 7% cap rate. The 1.41-AC site is zoned General Commercial in Berkeley County. The facility contains 22 bays operating at 95% occupancy with an annual NOI of $68,040.This turnkey investment offers immediate income from an existing operating business, generating approximately $5,670 in monthly rental income from an established tenant base of recurring monthly and nightly customers. The property benefits from an approved Outdoor Storage Special Exception for truck and trailer storage operations, along with newly added improvements and existing infrastructure including gated access, security cameras, lighting, gravel surfacing, and TruckBays management software. Operational systems are already established for reservations, billing, tenant management, and access control, providing buyers with a stabilized cash-flowing IOS asset.