1310 Un St Spartanburg, SC 29302-3342

This exceptional investment opportunity presents a 30,000 square foot Class B office building situated at 1310 Union Street in Spartanburg, South Carolina, 29302. The property, built in 1973, offers a compelling blend of executive and traditional office space, along with approximately 4,000 square feet of warehouse space. Currently occupied by a single tenant for over a decade, this global headquarters boasts a favorable five-year lease renewal in place. The property features a Net Net Net (NNN) lease structure, generating a substantial net operating income (NOI) of $288,600, resulting in an attractive 8.50% capitalization rate. The asking price is $3,400,000, translating to a price per square foot of $113.33. The building's prime location on Union Street, a high-traffic thoroughfare with an average daily traffic count of 18,300 vehicles in 2022, and its proximity to downtown Spartanburg (approximately 2 miles) further enhance its investment appeal. The property's APN is 7-17-06-004.00. This is a rare opportunity to acquire a well-established, income-producing asset in a thriving South Carolina market. The substantial square footage, strong tenant history, and favorable lease terms make this an ideal addition to any investment portfolio.