1794 Poplar Drive Ext
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1794 Poplar Drive Ext
18,800 SF Industrial Building Greer, SC 29651 $2,488,500 CAD ($132 CAD/SF) 7.80% Cap Rate
Executive Summary
Aline Capital is pleased to present this sale-leaseback opportunity in Greer, SC. Package Concepts, a 35-year-old company, owns and operates out of the 18,800 SF industrial property. Founded in 1989, Package Concepts is a leading provider of manufactured corrugated packaging solutions and shipping supplies in the region.
The 2.18-acre property boasts a premium location directly across from the GSP airport, and only 3.5 miles down the road from the Inland Port Greer. The company is seeking a long-term lease with an initial rental rate of $7.25/SF NNN, which generates a 7.8% Cap Rate at the asking price of $1.75 million.
The 2.18-acre property boasts a premium location directly across from the GSP airport, and only 3.5 miles down the road from the Inland Port Greer. The company is seeking a long-term lease with an initial rental rate of $7.25/SF NNN, which generates a 7.8% Cap Rate at the asking price of $1.75 million.
Property Facts
| Price | $2,488,500 CAD | Lot Size | 2.10 AC |
| Price Per SF | $132 CAD | Rentable Building Area | 18,800 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 7.80% | Year Built | 1998 |
| Sale Conditions | Sale Leaseback | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.53/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 17 ft 7 in |
| Building Class | C | No. Dock-High Doors/Loading | 3 |
| Price | $2,488,500 CAD |
| Price Per SF | $132 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 7.80% |
| Sale Conditions | Sale Leaseback |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 2.10 AC |
| Rentable Building Area | 18,800 SF |
| No. Stories | 1 |
| Year Built | 1998 |
| Tenancy | Single |
| Parking Ratio | 0.53/1,000 SF |
| Clear Ceiling Height | 17 ft 7 in |
| No. Dock-High Doors/Loading | 3 |
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PROPERTY TAXES
| Parcel Number | 0529.01-01-013.02 | Improvements Assessment | $55,284 CAD |
| Land Assessment | $4,316 CAD | Total Assessment | $59,600 CAD |
PROPERTY TAXES
Parcel Number
0529.01-01-013.02
Land Assessment
$4,316 CAD
Improvements Assessment
$55,284 CAD
Total Assessment
$59,600 CAD
zoning
| Zoning Code | I1 (Industrial District) |
| I1 (Industrial District) |
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1794 Poplar Drive Ext
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