100 Southwest DrSpartanburg, SC 29303

Property Details for 100 Southwest Dr

Lot size

2.38 AC

Property size (Sq ft)

39,290 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional investment opportunity presents a 39,290 square foot warehouse in Spartanburg, South Carolina, currently listed at $3,100,000. The property boasts a strong 6.21% cap rate and a substantial net operating income (NOI) of $192,460. Situated on a 2.38-acre lot, this single-tenant property features two buildings constructed in 1994 and 2004, offering a mix of climate-controlled manufacturing space (approximately 26,575 square feet) and warehouse space (approximately 10,000 square feet). The warehouse includes 16-foot and 22-foot ceiling heights, two loading docks, and 39 parking spaces. The property benefits from a long-term NNN lease expiring February 17, 2032, providing 7.2 years of remaining lease term. Its strategic location at the interchange of I-26 and I-85 offers easy access to major transportation arteries, including Highway 29, I-85, and the Greenville-Spartanburg International Airport (GSP), approximately 40 miles away. This prime location places the property within minutes of the I-85 corridor, conveniently situated between Charlotte, NC, and Greenville, SC. The asking price per square foot is $78.90. The property's APN is 6-12-13-073.00. This is a rare opportunity to acquire a well-located, high-performing industrial asset with a secure, long-term lease.

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9671

Longitude

-82.0219

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