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


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Contact
Tyson Glasser, CCIM
Director of Capital Markets & Dispositions
864.263.5427 - Main
404.435.6312 - Mobile