1379 McDow Dr - Warehouse FOR SALE


Rock Hill, SC 29732
$14,500,000 USD
609-554-5841
1379 McDow Dr, Rock Hill, SC for Sale
$14,500,000 USD
Warehouse - FOR SALE
1/37
null | 8% Cap Rate

1379 McDow Dr
Rock Hill, SC 29732


HIGHLIGHTS

  • Fully renovated in 2025, 1379 McDow Drive is a partially leased turnkey industrial facility with efficient warehouse and high-quality office space.
  • Supports industrial use with 17 dock-high doors, 4 drive-ins, 16 to 20' clear heights, 10,000-amp & 3-phase power, HVAC readiness, and new finishes.
  • Fenced industrial outdoor storage (IOS) and laydown yard available with additional acreage to expand the outside storage capacity.
  • Situated on a 15-acre site with new asphalt, ample parking, and strong access to labor, logistics, and nearby retail along Cherry Road.
  • Located in the thriving Rock Hill submarket, which saw industrial rents increase by 6% year over year as of Q4 2025 (CoStar).
  • Approximately 3 miles to Interstate 77, and transporters can reach Charlotte Airport in 35 minutes or as far as Atlanta in four hours.

OVERVIEW

1379 McDow Drive is a 138,474 RSF multi-tenant industrial and flex property in Rock Hill's supply-constrained I-77 corridor — 2.1 miles from the interstate and 17 miles from Charlotte Douglas. Comprehensively renovated in 2025 with a new TPO roof, epoxy flooring, LED lighting, and upgraded dock packages, the building is stabilizing with projected NOI of $1,200,000 on a diversified NNN rent roll with a 5.89-year WALT. At $14,500,000 ($104/SF), the asset offers a 140-basis-point premium to the 6.9% submarket market cap rate — with the entire rent roll sitting 31% below market. Flex tenants average $7.83/SF against a CoStar market rate of $16.82/SF in a segment with just 3.7% vacancy and no new competing product being built profitably. As leases roll between 2027 and 2031, a buyer re-leasing to market rates captures meaningful upside in one of Charlotte's most supply-constrained industrial corridors — with no additional capital required in a building that has already been fully renovated. Offering Memorandum available upon request. Contact or call the listing agents to learn more.

FOR SALE DETAILS

PRICE

$14,500,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

20 Ft

DOCKS

20

DRIVE INS

4

PARKING SPACES

160

LAND DETAILS

LAND ACRES

15

LAND SF

653,400

ZONING

I-G

APN/PARCEL ID

6310107002,6310203006

ASK ABOUT THIS PROPERTY

Brody SullivanPreferred InvestmentsMore Info
609-554-5841

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Brody SullivanPreferred InvestmentsMore Info
609-554-5841

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.