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111 Powell Mill Rd

5,400 SF 100% Leased Office Building Spartanburg, SC 29301 $1,200,000 ($222/SF) 7.44% Cap Rate

Investment Highlights

  • Fully leased
  • Annual rent increases

Executive Summary

Multi-tenant medical office investment opportunity
100% Leased to two tenants

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,400 SF
Building Class
C
Year Built
1981
Price
$1,200,000
Price Per SF
$222
Cap Rate
7.44%
NOI
$89,271
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,400 SF
Building FAR
0.24
Land Acres
0.52 AC
Parking
18 Spaces (3.33 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste A
  • 2,800 SF
  • Office
  • Full Build-Out
  • 30 Days

Former periodontics office, equipment may be purchased or removed Space includes: (7) operatories, (2) x-ray suites, (2) private offices, lab space, washer/dryer, and a large waiting room/reception area

Space Size Space Use Condition Available
1st Fl-Ste A 2,800 SF Office Full Build-Out 30 Days

1st Fl-Ste A

Size
2,800 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

1st Fl-Ste A

Size 2,800 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Former periodontics office, equipment may be purchased or removed Space includes: (7) operatories, (2) x-ray suites, (2) private offices, lab space, washer/dryer, and a large waiting room/reception area

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 6-21-02-001.05
  • 6-21-02-001.09
Land Assessment
$8,214
Improvements Assessment
$104,838
Total Assessment
$113,052
  • Listing ID: 32822160

  • Date on Market: 8/15/2024

  • Last Updated:

  • Address: 111 Powell Mill Rd, Spartanburg, SC 29301

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