2510 Whitner St Anderson, SC 29624
- Warehouses
- 14,516 SF
- 3.58 lot acres
Current Use by Public Records
- Trampak / Packaging Company / Packaging Machinery
- Rikutec America Inc. / Packaging Company
Property Details for 2510 Whitner St
- Year built
- 1994
- Lot size
- 3.58 lot acres
- Property size
- 14,516 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This fee-simple industrial warehouse in Anderson, South Carolina offers a compelling investment opportunity. The 14,516 square foot building sits on a 3.58-acre lot and boasts a 9.18% cap rate with a strong net operating income (NOI) of $128,036. Currently 100% occupied by two tenants, the property features four loading docks, one dock-high door, and a 20-foot ceiling height. One tenant occupies the entire building under a new three-year lease, while the second tenant leases approximately 0.81 acres of land with slightly over one year remaining on their lease. An additional 1.028 acres of unimproved land provides potential for future expansion. The property's prime location, less than five minutes from the I-85 corridor, ensures excellent accessibility and proximity to numerous amenities. Built in 1994, this Class B warehouse benefits from strong market rent growth and stable income, making it an attractive investment in a high-demand product type. Anderson's thriving economy, supported by diverse industries, low cost of living, and skilled workforce, further enhances the property's value. The property's strong tenant base and location make it an ideal investment for those seeking stable returns and future growth potential. The property is comprised of two parcels with APNs 1230503008 and 1230503011.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Anderson
- County
- Anderson
- State
- South Carolina
- Longitude
- -82.6807
- Latitude
- 34.5043
