195 Image Dr, Spartanburg, SC 29303-2160

This exceptional investment opportunity presents a fee-simple interest in a two-building, 39,000-square-foot Caliber Collision portfolio situated on a 4-acre lot in Spartanburg, South Carolina. The property, built in 2004 and renovated in 2014, boasts a Class A designation and features a single tenant, credit-rated Caliber Collision, under a Net Net + lease with a corporate guarantee. The lease, commencing March 13, 2015, has a remaining term of approximately 0.4 years, with a lease expiration date of March 30, 2025. The current Net Operating Income (NOI) is $168,870, with a pro-forma NOI of $179,010. Rent increases are subject to CPI adjustments every three years, capped at a maximum of 6%. The property is zoned GC and enjoys a 100% occupancy rate. Located at 195 Image Dr, Spartanburg, SC 29303, this portfolio benefits from its position in a high-traffic area, offering significant long-term upside potential due to below-market rent and the possibility of future lease renegotiations or individual leasing. The land value is estimated at $60-$100 per square foot. This is a value-add investment opportunity with a single-tenant industrial focus.