The Merit Group Building | 1310 Union St
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The Merit Group Building 1310 Union St
31,498 SF Office Building Spartanburg, SC 29302 $4,781,760 CAD ($152 CAD/SF) 8.49% Cap Rate
Investment Highlights
- Tenant has occupied building for 10+ years
- Favorable 5-Year Renewal
- Global Headquarters
- ±30,000 SF with ±4,000 SF Warehouse
Executive Summary
Lee & Associates Greenville / Spartanburg is pleased to present this ±30,000 SF investment opportunity for sale located at 1310 Union Street in Spartanburg, SC.
Located off Union Street (18,300 VPD 2022) and ±2 miles from Downtown Spartanburg
Located off Union Street (18,300 VPD 2022) and ±2 miles from Downtown Spartanburg
Property Facts
Sale Type
Investment
Property Type
Building Size
31,498 SF
Building Class
B
Year Built
1973
Price
$4,781,760 CAD
Price Per SF
$152 CAD
Cap Rate
8.49%
NOI
$405,887 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
30,000 SF
Building FAR
0.15
Land Acres
4.70 AC
Parking
120 Spaces (4 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 7-17-06-004.00 | Improvements Assessment | $130,132 CAD |
| Land Assessment | $41,388 CAD | Total Assessment | $171,520 CAD |
PROPERTY TAXES
Parcel Number
7-17-06-004.00
Land Assessment
$41,388 CAD
Improvements Assessment
$130,132 CAD
Total Assessment
$171,520 CAD
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Elledge Willis -
Jordan Skellie -
Lee & Associates Commercial Real Estate Service
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The Merit Group Building | 1310 Union St
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