Windsor Place, Anderson

1520 E Greenville Street
Anderson, SC 29621

PROPERTY SOLD

Property: For Sale, Investment Sales

Square Footage: 82,292

Acreage: 9.58

Price: $4,750,000

Cap Rate: 9.0%

Description:

(In Contract)

  • Over 14% cash-on-cash return potential with available market debt
  • 96% occupied with historically high occupancy levels and solid tenant mix
  • Tremendous upside potential with well below market rents in place ($5.00 PSF average)
  • Significantly below replacement costs at $58 PSF
  • Prime location on a major corridor (SC Hwy 81) at a signalized intersection
  • Excellent visibility with frontage and access on 3 roads
  • Strong traffic counts and population with over 22,000 cars per day on Hwy 81 and 68,500 residents in a 5 mile radius
  • Neighboring properties include Walgreens, CVS, Sonic, Wells Fargo, BB&T, First Citizens Bank, Dollar General, Chick-fil-A, Publix, and National HealthCare Corporation
  • Nearby major points of interest include Anderson University (2,900 students), Anderson Medical Center, Anderson County Museum, McCants Middle School, and TL Hanna High School