Property summary
This exceptional investment opportunity presents a 39,290 square foot warehouse in Spartanburg, South Carolina, currently listed at $3,100,000. The property boasts a strong 6.21% cap rate and a substantial net operating income (NOI) of $192,460. Situated on a 2.38-acre lot, this single-tenant property features two buildings constructed in 1994 and 2004, offering a mix of climate-controlled manufacturing space (approximately 26,575 square feet) and warehouse space (approximately 10,000 square feet). The warehouse includes 16-foot and 22-foot ceiling heights, two loading docks, and 39 parking spaces. The property benefits from a long-term NNN lease expiring February 17, 2032, providing 7.2 years of remaining lease term. Its strategic location at the interchange of I-26 and I-85 offers easy access to major transportation arteries, including Highway 29, I-85, and the Greenville-Spartanburg International Airport (GSP), approximately 40 miles away. This prime location places the property within minutes of the I-85 corridor, conveniently situated between Charlotte, NC, and Greenville, SC. The asking price per square foot is $78.90. The property's APN is 6-12-13-073.00. This is a rare opportunity to acquire a well-located, high-performing industrial asset with a secure, long-term lease.
Property profile
VerifiedCap rate & NOI
Current use
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Factory Production Facility
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Factory Production Facility
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
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Zoning
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