519 Honeysuckle Rd Spartanburg, SC 29303

This investment property in Spartanburg, SC, features a 33,613 SF warehouse on 1.47 acres, leased through March 31, 2030, with 3% annual rent increases. The tenant reimburses the landlord for property taxes and insurance. The landlord is responsible for repairs to the roof, structure, foundation, exterior walls, HVAC, and parking lot. The tenant, Watertite Products, Inc., a subsidiary of IPS Corporation, has one option to renew for three years with 3% annual rent increases. The Spartanburg facility serves as an injection molding plant of PVC based construction industry products under the ProSet name, primarily plumbing drain components. The original 1975 building includes a concrete loading apron leading to two front loading dock high doors, plus an at grade 16’ x 18’ door on the east wall. The office space is 800 SF, and the shop has 15’8’’ to 18’ clear height space, one 2-ton overhead crane, and metal halide lighting. The 3 phase power has a 2,000 amp service. The property uses septic for sewer. In 2007, a 12,000 SF addition with 20’ clear height was built for inventory storage. The property is located in unincorporated Spartanburg, 1.2 miles from I-26 and 2.6 miles from I-85.