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1589 Cedarhurst Road 1589 Cedar Hurst Rd

325,000 SF 4-Star Industrial Building Chester, SC 29706 £25,351,381 (£78/SF) 6.27% Net Initial Yield

Investment Highlights

  • Class A Distribution Hub.
  • Stabilized NNN Cash Flow
  • 1031 Exchange
  • Strategic Location - Path of Growth.
  • Strong Credit Tenant
  • Inflation Protected

Executive Summary

Located at 1589 Cedarhurst Road in Chester, South Carolina, this industrial facility offers a prime investment opportunity. This property, recently expanded and upgraded in 2024, is a 325,076 square foot Class A distribution facility situated on 30 acres with rail access and provides strategic access for logistics and distribution operations. The tenant is North America's largest roofing manufacturer. The tenant has recently invested heavily into renovating their manufacturing facility less then mile away and our building serves as a Distribution Hub.
Key Property Highlights:
1.Size & Structure: The facility encompasses 325,076 square feet, including a small 1,040 square foot office space, designed to optimize operational efficiency. The building is equipped with 9 dock high loading doors, 8 dock high loading doors with hydraulic levelers, and a drive-in door with a dock ramp. These features support high-volume distribution activities.

2. Location Advantage: Strategically positioned 45 minutes south of Charlotte and one hour north of Columbia, the property is conveniently located along the I-77 corridor, providing excellent connectivity to major markets in the Southeast. This location also benefits from the robust industrial growth in Chester County, driven by significant corporate investments and regional economic development initiatives. Being adjacent to rail provides additional value to the land although the tenant does not use the rail access.
3. Tenant Story:
Tenant is the largest roofing manufacturer in the world.
Tenant just rebuilt 24/7 Plant less than a mile away.
We are the developers and just built the tenant a 185,000 sf expansion on the existing 140,000 sf building.
Building Expansion allowed tenant to close nearby warehouses and consolidate for substantial cost savings
Tenant handles everything themselves on the property - no need for property manager

4.Market Growth:
Chester County is emerging as a key industrial hub in the Carolinas, with over $1.97 billion in capital investments committed in 2023 alone. The region's affordable industrial market, coupled with significant economic incentives, has attracted major corporations like Albemarle Corporation, E.J. Gallo Winery, and IKO Industries, further enhancing the area's growth prospects.
Investment Consideration:
This property is a strategic asset in a rapidly growing industrial corridor. With a credit tenant in place, a long-term lease, and a prime location, this investment offers both stability and potential for appreciation. The industrial market in Chester County, SC, is poised for continued growth with one of the strongest economic development team's in the country and driven by both public and private sector investments.

Data Room Click Here to Access

Property Facts

Price £25,351,381
Price Per SF £78
Sale Type Investment NNN
Net Initial Yield 6.27%
Property Type Industrial
Property Subtype
Distribution
  • Industrial Data Centre
  • Industrial Manufacturing
  • Industrial Warehouse
Building Class A
Lot Size 30.06 AC
Rentable Building Area 325,000 SF
Number of Floors 1
Year Built 2024
Tenancy Single
Clear Ceiling Height 32 ft 5 in
No. Dock-High Doors/Loading 17
Level Access Doors 5

Amenities

  • 24 Hour Access
  • Yard
  • Air Conditioning

Utilities

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
097-00-00-066-000
Land Assessment
£1,307
Improvements Assessment
£0
Total Assessment
£1,307

zoning

Zoning Code ID-2 (Industrial and Heavy Manufacturing)
ID-2 (Industrial and Heavy Manufacturing)
  • Listing ID: 33010798

  • Date on Market: 30/08/2024

  • Last Updated:

  • Address: 1589 Cedar Hurst Rd, Chester, SC 29706

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