For Sale
$1,100,000

1203 River Heights CirAnderson, SC 29621

High-yield warehouse, strong tenant, 10% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
115
This ±19,500 square foot warehouse, located at 1203 River Heights Circle in Anderson, South Carolina, presents a compelling investment opportunity. The property boasts a 10% capitalization rate and a strong net operating income (NOI) of $110,000 annually. Built in 1973, this single-story building features one dock-high door, 18' clear height ceilings, and is fully sprinklered. The property sits on approximately 4.28 acres and includes 3-phase power. Currently leased to Verdantas, the lease is in place until August 31, 2027, providing a stable income stream for the investor. The property is conveniently located in Anderson County, just minutes from Downtown Anderson. The Anderson County location and strong tenant provide a secure investment with significant upside potential. The property's features, combined with its favorable location and financial performance, make it an attractive addition to any investment portfolio. The APN is 1492002002. The asking price is $1,100,000.

Highlights

  • Verdantas is the current tenant.
  • Lease expires August 31, 2027.
  • Annual Net Operating Income (NOI) is $110,000.
  • Cap rate is 10%.
  • The property encompasses approximately 4.28 acres.
  • Clear ceiling height is 18 feet.

Property Details for 1203 River Heights Cir

Property type
Warehouses, Industrial properties
Year Built
1973
Stories
1

Location Insight

City
Anderson
County
Anderson
State
South Carolina
Latitude
34.5007319
Longitude
-82.612308
1203 River Heights Cir, Anderson, South Carolina

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1203 River Heights Cir
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