1589 Cedar Hurst Rd - Distribution FOR SALE


Chester, SC 29706
$32,400,000 USD
610-220-0255
1589 Cedar Hurst Rd, Chester, SC for Sale
$32,400,000 USD
Distribution - FOR SALE
1/7
null | 6.27% Cap Rate

1589 Cedar Hurst Rd
Chester, SC 29706


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$32,400,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

6.27%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1589 Cedarhurst Road

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Telecom Hotel/Data Hosting, Manufacturing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

UTILITIES

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

CLEAR CEILING HT

32.416666666666664 Ft

DOCKS

17

DRIVE INS

5

PARKING SPACES

-

LAND DETAILS

LAND ACRES

30.06

LAND SF

1,309,414

ZONING

ID-2

APN/PARCEL ID

097-00-00-066-000

ASK ABOUT THIS PROPERTY

Michael O'Neill Jr.Prime Rock Energy CapitalMore Info
610-220-0255

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Michael O'Neill Jr.Prime Rock Energy CapitalMore Info
610-220-0255

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