1716 Pearman Dairy Road
Anderson, SC, 29625
$1,195,000
Beds
0 Baths
0 SqFt
0 Acres
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Calling all investors and owner occupied retail users! Are you looking for higher cap rates? Check out this fantastic retail building being offered for sale at an 8.35% cap rate. There is currently only one partial vacancy: Suite H. Suite H is 1200 sq ft, and is currently being leased month to month by a tenant that is using a portion of the space. The Tenant is paying $450/month. This center is a great fit for a variety of retail uses. It has an excellent tenant mix with mostly local tenants featuring a wide variety of retail businesses that are well insulated from threats from e-commerce. Great visibility and signage on Pearman Dairy which has approximately 20,000 vehicles per day. Lots of parking and easy access further add to the value of this building. The NOI on the center is $92,030/year with a gross income of $106,188/year. Expenses total $14,158/year There are 8 suites and a billboard which are generating income on the property. The building is in great shape. It is a 10,400 sq ft metal building with a metal roof. Each unit is separately metered for electricity, but all units are on a common water tap which is billed as part of the CAM. This property presents a fantastic opportunity for a first time investor looking to acquire an asset with good cash flow, or a seasoned investor looking for a higher return. Survey, offering memorandum, and building plans are in the supplements. Thanks so much!

Property Details

Price:
$1,195,000
MLS #:
20232155
Status:
Active
Baths:
0.00
Address:
1716 Pearman Dairy Road
Type:
Commercial
City:
Anderson
Listed Date:
Sep 11, 2020 (75 days)
State:
SC
ZIP:
29625
Year Built:
0

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1716 Pearman Dairy Road
Anderson, SC

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