201 Vanboklen

Estimated Monthly Payment: $1,197/mo 201 Vanboklen, Eastover, SC 29044 MLS# 517373 LAND Listing Status: ACTIVE
35
6
0
0

REMARKS:

This is a 1st time offering ( property has been in family a very long time ) .This 89 acre tract offers a 1993 Plantation of Longleaf Pines thinned in 2016 and managed control burns for Pine Straw harvesting producing annual income , approx 35 acres of Loblolly Pines and mixture of Hard Woods , on the East side of VanBoklen are approx 5 acres of mature Loblolly Pines ready for harvesting . At the bottom of Tract there is a nice creek with 2359 feet of creek frontage . There is a Cell Tower ground lease in place that is valued at $170,000 , this ground lease produces $930 per month of income . There has been a lot of interest in the Cell Tower ,an offer of $170,000 presented on 6/7/21. ( The Cell tower buy-out figure is in addition to the $262,500 list price of the 89 acres ) All of the Cell Tower buyers do not want to buy the land . If you as a land buyer do not want the Cell Tower income , I will assist you in selling the Cell Tower , I have had approx 10 Cell Tower buyers contact me . SBA Communications who controls the ground lease at present offered $145k 5 years ago and $165k recently , there are provisions in lease for every 5 year bumps of income and as seen in their offers . I specu;ate SBA will pay more as will another Cell Tower Co. ( At $170 that is right at a 7% return for doing nothing )

OVERVIEW:

LAND
ACTIVE
Rural Richland Co Southeast - Ea
89
Level,Rolling,Stream,Wooded
Creek
2349

FEATURES:

Cell Tower

SCHOOLS:

Richland One
Webber
Southeast
Lower Richland

FINANCIAL:

$262,500

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of RE/MAX Advantage Group

 

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