George and Katherine (Cookie) Erickson
George and Katherine (Cookie) Erickson
888-879-8041 or (352) 293-2685
Real Estate Professionals, Ltd
The follow through Real Estate Company!

Go to contact in tool bar to request the top 10 list. *Need help with your residential deal?


Free Copy 10 Things You Need to Know for Buyer or Seller!



South Carolina Industrial Investment
Industrial Investment Property With Major Tenant

George and Katherine (Cookie) Erickson
888-879-8041 or (352) 293-2685

Slide Show Not Active

click image to zoom in
click to enlarge
click to enlarge

Commercial Listings - Basic Features
List Price: $947,262.00   List Date: 04/29/2010   111 Landers Rd.
Spartantburg, SC
29303
Sq Ft: 15,625   Status: Active  
Built 1999: Same tenant since new   Lease till 2014: No defered maintenance   75,780.00 NOI: 3.28 acre land  
Flexible seller: Contac us for more details       

Additional Information
Industrial building built in 1999 with it's only tenant still in the location and a current lease to expire in July of 2014. each term has been renewed and annual increases are preset at 3%. This is the well known national tenant Westinghouse Electric Company. Landlord holds liability for the roof, parking lot outside walls and any mechanical functions after a deductable paid by Westinghouse in the amount of $500.00. The building is in excellent condition with no defered mantenance. The building is located on 3.28 acre MOL. This building has 21 foot ceilings and finished office of 5625 SF and 10,000 of warehouse. net income is $75,780.00 offered at an 8% cap.