Western Square – Furman Capital Advisors

Western Square

Stabilized Value-Add Opportunity

Asking Price of ~$77/SF is well below replacement cost

Average Base Rents of $6.41/SF are well below market

Two outparcels are included with ample parking providing additional upside

WALT of ~5.89 years remaining with minimal landlord responsibilities

~$2,000,000 Total Capital and TI Investment in the past 24 months

In 2024 the seller installed a new TPO Membrane roof over the Big Air unit (45% of center) and all new HVAC units (9)

New façade improvement to Big Air unit

New 10 year Big Air Trampoline Park lease for 45% of the center demonstrates Big Air’s long term commitment to the center and market

No competition in the trade area

Large pylon sign offering maximum visibility for all tenants

Tenant mix provides a safe diversification play

Neighboring ~300 acres under development to consist of ~648 single family homes

From 2021-2023, Laurens County has benefited from a creation of ~2,000 new jobs with company investment exceeding $500 million.

Located only ~12 miles from I-385/I-26 (interstate connecting Greenville, SC to both Columbia and Charleston, SC) offering easy access from surrounding cities to the Property.

The “Upstate” of South Carolina is one of America’s hottest emerging destinations and fastest growing MSA’s. Centered along the intersection of two major interstates (I-26 & I-85), the area has become host to more than 110 international firms, including BMW, Michelin, GE, Lockheed Martin Aircraft, and many more. Greenville’s revitalized downtown is ranked among “America’s Ten Best” and Spartanburg is the home of more per capita international investment than anywhere else in the country.

South Carolina is a popular market for real estate investors looking to profit from the State’s rapid appreciation rates and strong economy due to the low cost of living, business friendly environment, right-to-work policies, abundant workforce, and overall high quality of life.

Account Login

Login to your account now. If you don’t have an account, you can register for one by clicking here.

Account Log Out

Confidentiality Agreement Form


This field is hidden when viewing the form
Confidentiality Agreement
This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

Download Document

 

Account Log Out