2510 Whitner StAnderson, SC 29624

Property Details for 2510 Whitner St

Year built

1994

Lot size

3.58 AC

Property size (Sq ft)

14,516 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This fee-simple industrial warehouse in Anderson, South Carolina offers a compelling investment opportunity. The 14,516 square foot building sits on a 3.58-acre lot and boasts a 9.18% cap rate with a strong net operating income (NOI) of $128,036. Currently 100% occupied by two tenants, the property features four loading docks, one dock-high door, and a 20-foot ceiling height. One tenant occupies the entire building under a new three-year lease, while the second tenant leases approximately 0.81 acres of land with slightly over one year remaining on their lease. An additional 1.028 acres of unimproved land provides potential for future expansion. The property's prime location, less than five minutes from the I-85 corridor, ensures excellent accessibility and proximity to numerous amenities. Built in 1994, this Class B warehouse benefits from strong market rent growth and stable income, making it an attractive investment in a high-demand product type. Anderson's thriving economy, supported by diverse industries, low cost of living, and skilled workforce, further enhances the property's value. The property's strong tenant base and location make it an ideal investment for those seeking stable returns and future growth potential. The property is comprised of two parcels with APNs 1230503008 and 1230503011.

Location Insight

City

Anderson

County

Anderson

State

South Carolina

Latitude

34.5043

Longitude

-82.6807

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