195 Image Dr - Auto Repair FOR SALE


Spartanburg, SC 29303- Cleveland Park
$3,138,292 USD
415-274-2706
195 Image Dr, Spartanburg, SC for Sale
$3,138,292 USD
Auto Repair - FOR SALE
1/6
null | 5.65% Cap Rate

195 Image Dr
Spartanburg, SC 29303
Cleveland Park


HIGHLIGHTS

  • Brand new 15-year corporate lease to the nation’s leading collision repair provider
  • Absolute NNN lease structure – zero Landlord maintenance or expense responsibilities
  • Caliber Collision recently renewed the lease for 15-years, the subject location has successfully performed across multiple economic cycles
  • Low entry point basis with strong underlying real estate fundamentals – low occupancy cost relative to alternative Caliber Collision properties
  • Corporate Guaranty: Wand NewCo 3, Inc.
  • Low vacancy submarket – significant leasing velocity with demand outstripping supply of 10,000 – 50,000 SF industrial buildings

OVERVIEW

Recently renewed, 15-year absolute NNN corporate lease to the nation’s largest collision repair provider. Rare opportunity to acquire a proven and longstanding Caliber Collision backed by a corporate guaranty and strong fundamentals with below market rents and priced below replacement cost ($94/SF). Located in Spartanburg, which is an explosive southeast growth market with strong demographics.

FOR SALE DETAILS

PRICE

$3,138,292 USD

PRICE/SF

$80 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caliber Collision

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

GC

APN/PARCEL ID

6-13-02-011.07

ASK ABOUT THIS PROPERTY

Justin StarkCP Partners CREMore Info
415-274-2706

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Justin StarkCP Partners CREMore Info
415-274-2706

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