Firm to sell 45 surplus properties for state

This North Charleston office building on Northpark Boulevard is among 45 state-owned properties up for sale.

The S.C. Department of Administration said Tuesday it has hired the Columbia office of a national real estate firm to market and sell 45 surplus properties around the state, including two in the Charleston region.

CBRE was selected as the exclusive agent on the deal.

The properties include a 31,400-square-foot, three-story office building on 2.6 acres at 8740 Northpark Blvd. in North Charleston. It’s on the market for $1.4 million.

Also on the list is a 10-acre fire tower site at 1401 Main Road on Johns Island, which has a sales price of $265,000.

Elsewhere, a 4,745-square-foot office building at 101 Mable T. Willis Blvd. in Walterboro is being marketed for $350,000, and a 3.4-acre tract along U.S. Highway 701 in Georgetown can be had for $144,000.

The 45 properties could raise about $11.4 million, before real estate commissions, based on the asking prices.

The most expensive offering is the North Charleston office building, which is near Rivers Avenue and Otranto Boulevard. The cheapest is a quarter-acre lot in Dillon that’s priced at $5,000.

Gov. Nikki Haley issued an executive order in 2013 that asked state agencies to list and assess all the property they own. South Carolina owns 2,500 parcels totaling half a million acres and 7,800 buildings that needed 81 million square feet of improvements.

In December, Haley estimated that the state could save $30.4 million in capital expenses if it sells buildings or land considered surplus.

CBRE has set up a website — cbre.com/scsurplusproperties — with details about each listing.

The real estate company will be paid a commission of between 2.5 percent and 3.5 percent, depending on the final price for each property that sells, the Department of Administration said Tuesday.

Contact John McDermott at 843-937-5572.