1407 Danzler Rd Duncan, SC 29334-9533
- Warehouses
- 7.56 lot acres
Current Use by Public Records
- 1407 S Danzler Rd, Duncan, SC, USA / Rv Storage Facility
- Jb rv boat and bussness storage / Rv Storage Facility
- Milenium Inc. - Greenville Office / Utility Contractor
Property Details for 1407 Danzler Rd
- Lot size
- 7.56 lot acres
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 5-2500-12605
- APU
- 5250012605
Description
This exceptional value-add opportunity presents a 9,525 square foot industrial/self-storage facility in Duncan, South Carolina. The property, encompassing two buildings constructed in 2019, boasts 68 units (26 covered, 42 uncovered) and a laydown yard on a 7.56-acre lot. Currently operating at 94% occupancy (as of January 1, 2024), the property generates a strong NOI of $136,917, with a pro-forma NOI projected at $155,660, resulting in a 6.85% cap rate and a pro-forma cap rate of 7.78%. The asking price is $2,000,000, translating to $209.97 per square foot and $29,411.76 per unit. The land value is estimated at $135,000 per acre. Situated less than two miles from Interstate 85, this strategically located facility benefits from high traffic volume and easy access to major highways. Security features include a digital keypad electronic gate, security cameras, and fenced perimeter with barbed wire. A ground lease is in place with approximately two years remaining. The property is zoned Non-Qualified Regular Commercial Improved (6RGC). Value-add potential exists for the buyer. The laydown yard, comprising 3.1 acres, offers additional storage or parking opportunities. Public water and sewer access are available.
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
- Duncan
- County
- Spartanburg
- State
- South Carolina
- Longitude
- -82.1393
- Latitude
- 34.8956
- CBSA code
- 43900
- CBSA name
- SPARTANBURG, SC METROPOLITAN STATISTICAL AREA
