Class A distribution center minutes from the Inland Port
285 Inland Port Boulevard · Spartanburg · Spartanburg County, SC 29303
Asking price
$22,750,000
Building
247,500 sqft
Lot
18.4 ac
Cap rate
6.25%
The pitch
Section 01 / 03Investment highlights
- 36' clear height, ESFR sprinklered
- 42 dock doors + 4 drive-in ramps
- Leased to investment-grade 3PL through 2031
- 1.5 miles to I-85, 6 miles to Inland Port
Executive summary
A 247,500 SF cross-dock distribution building delivered in 2019, fully leased to a national 3PL on a long-term NNN. Direct access to I-85 and the Inland Port Greer puts BMW, the Port of Charleston, and the Carolinas within a single shift.
The asset
Section 02 / 03Pricing & Size
- Building Size
- 247,500 sqft
- Cap Rate
- 6.25 %
- Net Operating Income
- 1,421,875 $/yr
- Building Class
- Class A
Building
- Construction Type
- Tilt-up Concrete
- Condition
- Excellent
- Stories
- 1
- Parking Spaces
- 220
Utilities
- Fiber Internet
- Yes
- Water
- Municipal
- Sewer
- Municipal
Power
- Power Phase
- Three-phase
- Service Amperage
- 2,000 A
- Voltage
- 277/480V
Industrial Features
- Clear Height
- 36 ft
- Dock Doors
- 42
- Drive-in Doors
- 4
- Sprinkler System
- ESFR
- Rail Access
- No
Location & Zoning
- Zoning
- I-2
- FEMA Flood Zone
- X
- Opportunity Zone
- No
Location & area
Section 03 / 03Location
34.98110, -81.91230Area & market data
Third-party sourcesNeighborhood Demographics
- Median Household Income
- $49,220
- Median Age
- 35 yrs
- Population
- 38,545 people
- Households
- 15,870
Location Context
Walk Score
40 / 100
Transit Score
21 / 100
Risk Assessment
- Seismic Zone
- 1
- Seismic Risk Category
- Low
Market Context
- Median Sale Price (5mi)
- $1,850,000
- Median Lease Rate (5mi)
- 7.2 $/sqft/yr