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1
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
Upstate Commercial Group
Commercial Real Estate Services
Executive Park Office Buildings
1814 & 1818 E. Main St
Easley, SC 29640
Offering Price: $2,395,914
Upstate Commercial Group
Offering Memorandum
Contact Broker for More Information:
Chris Merlo
864-376-3384
Chris.UpstateCommercialGroup@gmail.com
2
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
Executive Park
Table of Contents
1. About the Buildings
2. Offering
3. Demographics
4. Business in Upstate South Carolina
3
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
Marketing Package
Summary of Actual Rental Income & Expenses:
Gross Income at 100% Occupied $201,591
Real Estate Taxes -$14,143
Property Insurance -$3015
CAM -$10,672
Management (3%) -$6,047
___________________________________________
Net Operating Income $167,714
Capitalization Rate 7.00%
Offering Price $2,395,914
• Competitively priced at $139/SF
• Rent increases built-in
• National tenants in place
• 100% occupied
• 24 hour day/night security monitoring with in-
terior & exterior cameras that provide real time
& remote viewing
• Excellent drive-by traffic count
• Superior visibility
• Paramount office space in market
The Offering
4
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
Marketing Package
Address: 1814 & 1818 E. Main St. Easley, SC 29642
Property Type: Professional Office Park
Numbers of Buildings: 2
Combined Building Size: =+/-17,125 SF
Number of Parking Spaces: 70 plus overflow opportunity
Built: 1998-2000
Occupancy: 100% as of December 1, 2019
Tenants: National
Ceiling Heights: 10 FT
Land Area: 1.65 Acres
County: Pickens
Tax Map #: 5029-16-92-0899/5029-16-82-9861
Sewer: Combined Utilities
Water: Combined Utilities
Gas: Fort Hill
Power: Combined Utilities
Zoning: General Commercial District City of Easley
Property Details
5
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
Marketing Package
Executive Summary:
Executive Park provides a new owner an opportunity to
purchase a cash flowing asset at a price substantially below
replacement costs. The portfolio consists of two brick office
buildings containing approximately 17,125 SF. All 5 floors
are leased. National tenants include Berkshire Hathaway,
OnQ Financial, & Edward Jones. Rounding out the tenant
list is MedProcure Software and one floor of independent
tenants.
The office space was renovated in early 2017 and upgrades
included: new flooring, paint, revised kitchens with stain-
less appliances, luxury vinyl tile flooring, granite, sealing &
striping of parking lots, replacement of multiple HVAC sys-
tems and conversion of lighting to LED energy saving
bulbs. A camera system that records and can be viewed re-
motely from smartphones is also in use. The office build-
ings include ample parking and walking proximity to
McDonalds and Chick-fil-A.
6
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
Marketing Package
Active Tenant List:
Berkshire Hathaway Home Services
Berkshire Hathaway Home Services now has nearly 29,500 employ-ees in close to 570 offices in 28 U.S. states, and residential sales volume topped $93 billion in 2016.
OnQ Financial
National Mortgage lender with 74 offices in 15 different states.
MedProcure Software
The local tenant employees 15 software engineers & services the software needs of hospitals across the country.
Edward Jones
Edward Jones, headquartered in St. Louis, is one of the nation’s most convenient suppliers of financial services for individual inves-tors. Edward Jones is one of the only firms to serve individual inves-tors exclusively. The firm has more than 7 million clients with more than $1 trillion in assets under care. Locations number 13,000.
7
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
Marketing Package
Aerial View
8
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
Picture Gallery
Marketing Package
9
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
Marketing Package
Picture Gallery
10
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
Marketing Package
Floor Plans
1818 East Main
Ground
Floor
11
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
Marketing Package
Floor Plan
1818 East Main
2nd Floor
12
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
Marketing Package
1818 East Main
3rd Floor
Floor Plans
13
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
Marketing Package
1814 East Main
1st Floor
Floor Plan
14
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
Marketing Package
1814 East Main
2nd Floor
Floor Plan
15
16
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
Marketing Package
Demographic
Information
Marketing Package
1818 E. Main St Easley, SC 29640 · Office For Sale
Demographics 1 Mile 3 Mile 5 Mile
2,343
13,787
24,779
26,526
48.28% 47.92% 48.30%
51.72%
22,462 39,453
31,274
2015 Total Employees 5,320 15,227
41
2015 Total population: Under 5 years 259 1,685
3,432
2015 Total population: 10 to 14 years 272 1,781
2015 Total population: 15 to 19 years 266 3,151
357 1,779 3,088
354 1,802 3,020
298 1,791 3,075
292 3,075
294 3,552
2015 Total population: 45 to 49 years 302 3,566
330
323
280
1,673 2,861
247 1,292 2,095
167 915
647
92 670
17
5.34% 5.86% 5.93%
6.19% 6.71%
5.63%
7.29% 5.89%
5.99%
6.71% 6.95%
% 2015 Total population: 50 to 54 years 7.15% 7.46%
6.74% 7.01%
5.77% 5.95% 6.16%
5.98% 5.82%
4.49%
3.44% 3.18%
2 .77%
2.70% 2.25% 1.87%
2.33% 1.83%
24,498 44,837
2,737 4,049
7 116
2015 Asian alone 37 228 326
2015 Native Hawaiian and OPI alone 10
2015 Some Other Race alone
2015 Two or More Races alone 577
2015 Hispanic 257
4,596
87.39%
7.89%
0.14%
0.76%
2.91% 2.30% 1.88%
% 2015 Two or More Races alone 2.01% 1.95%
5.30% 5.34% 4.76%
3,956 21,832 39,454
415
28
168
26
20 179 314
87.14% 89.08%
9.50% 7.45%
0.11% 0.11%
% 2015 Not Hispanic: Asian alone 0.47% 0.38%
0.01%
0.11% 0.10%
0.71% o.n%
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Total: Employees (NAICS)
Total: Establishments (NAICS)
4,853 28,770 51,305
2015 Households 2,059
Population Change 2010-2015 29 952 1,916
Household Change 2010-2015 249 505
3.88%
2.61%
313 3,618 7,016
Household Change 2000 -2015 128 2,704
14.38% 15.84%
14.86% 15.78%
7,444
504 2,614
92.21%
% 2015 Owner occupied housing units 73.90% 74.01%
26.10% 25.99% 21.60%
% 2000 Vacant housing units 7.79%
Income
3-mi.
5- mi.
$62,391
101
126 714
1,116
207 1,352
1,214
523
272 2,182
1,530 2,713
102
784
264
32 241
4 .91% 6.15%
5.07%
6.12% 5.37%
6.12% 5.62%
6.12%
4 .18% 4.53%
19
2015 Automobile dealer s
$1,692,827 $9,621,742
2015 Other motor vehicle dealers $247,346 $1,412,626 $2,462,131
$7,492,124
2015 Hardware stores $352,142
2015 Home centers $351,782 $3,595,955
2015 Nursery and garden centers $428,353 $4,352,718
$198,171 $1,130,433 $1,978,114
2015 Paint and wallpaper stores $235,765 $414,047
$1,150,360 $11, 514,264
$3,167,395 $17,966,887 $31,193,935
2015 Beer, wine, and liquor stores
2015 Convenience stores
2015 Restaurant Expenditures $2,237,926 $12,783,687 $22,277,517
2015 Supermarkets and other grocery (except convenience) stores $50,782,395
2015 Furniture stores $7,952,734
2015 Home furnishings stores $2,867,467 $16,360,729
2015 General merchandise stores $14,818,801 $84,717,864 $147,768,989
$7,625,325 $75,212,817
$54,493,<127
$14,818,801 $147,768,989
$5,755, 535
$23,383,532
$637,935
2015 Book, periodical, and music stores $554,218
2015 Hobby, toy, and game store-,,;
2015 Musical instrument and supplies stores $152,762 $267,760
$52,634 $297,243 $518,715
2015 Sporting goods stores $1,475,043
5.73% 4.76%
11.00%
13.24% 13.67%
3..30% 3.38% 3.95%
1.55% 1.98%
$534,374
$3,021,118
$192,390 $1,099,614 $1,912,136
$3,583,701
$6,292,711
$10,778,323
20
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
Marketing Package
Upstate SC Overview In the Upstate of South Carolina, companies recognize the advantage of having access to a top-ranked business climate, world-class research environment and a superb quality of life. These advantages among others help support the diverse range of industries that represent the region including world-renowned companies like BMW, Michelin, St. Jude's Medical, Fuji, Sterilite and many others. Companies are drawn here by our favorable tax rates, market accessibility and the quality & availability of our workforce. In fact in 2013, the Upstate SC Alliance was recognized in Site Selections magazines fifth annual Global Best to Invest Report. Alongside our top-ranked business climate is the region's dedication to research and innovation. The Upstate is home to an abundant amount of private sector and university-based research in-cluding R&D facilities for Michelin, Fuji and General Electric and research centers to support the automotive, biosciences, plastics and photonics industries. The Upstate also understands that in order to attract and retain a quality workforce, it's im-portant to have an environment that offers something for everyone. Whether you are into watch-ing fanatical college football, taking in a spectacular Broadway musical or just hanging out in the park listening to music, the Upstate of South Carolina promises to keep you and your em-ployees thoroughly entertained.
Business in Upstate
South Carolina
21
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
Marketing Package
Global Business Climate Home to approximately 500 companies from 34 countries, Upstate South Carolina provides an exceptional business climate for some of the world's most forward-thinking companies. Many of them are world leaders in the development and application of cutting-edge technologies in automotive, advanced materials, biosciences and energy sectors. As international investment has grown, so have the outreach opportunities for the international community here in the Up-state. This region offers international schools, sister cities programs and most importantly, the International Center for the Upstate. With a talented workforce, a diverse range of industry, an accommodating infrastructure, and an attractive lifestyle, it's no wonder top companies such Michelin, BMW, General Electric, Fluor, Milliken, and Fuji all call Upstate South Carolina home. Further proving the success of the Upstate business climate is the fact that since 2010, we have announced more than $9.9 billion in capital investment and more than 25,214 jobs.
• 2013 Top Destination for foreign direct investment, 2013 Global Location Trends
• 2013 Global Best to Invest, Site Selection
• #3 Top States for Doing Business, Area Development
• #5 Pro-Business Regulatory Environment, Forbes
• #2 Micro City of the Future, FDi Intelligence
• Top 50 Cities for Global Trade, Global Trade Magazine
• #5 for Globalization, 2012 New State Economy Index #4 on the American Dream State Ranking Report, 2013
Industry & Innovation The Upstate holds a wide breadth of industrial focus and expertise, but our true strength lies where industry and education align. And while we are well known for our ability to design and produce some of the world's most advanced products, we are specifically accelerating growth in the areas of Automotive, Aerospace, Advanced Materials, Biosciences and Energy. The im-petus behind much of the growth in the Upstate is innovation spurred by university and private sector research. Local research and development by BMW, General Electric, Michelin, Timken, Capsugel, Milliken and St. Jude is redefining what's possible in several industries. In university research, Clemson leads the way with groundbreaking work at the Clemson Uni-versity International Center for Automotive Research, the Advanced Materials Research Lab and the Biomedical Engineering Innovation Campus. Small business entrepreneurialism also thrives at the Tyger River Campus of Spartanburg Community College, the Greenville Cham-ber's NEXT and NEXT Innovation Center, and the Greenwood Genetic Center.
• #3 Automotive Manufacturing Strength
• #6 Biotechnology Strength/Emerging Biotech Hubs
• Named an Emerging Epicenter of High Tech Industry for Polymers
• #6 America's Engineering Hubs: The city with the Greatest Capacity for Innovation
• #1 Emerging Logistics/Distribution Growth Centers
22
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
Marketing Package
Population, Workforce & Education Home to more than 1.37 million people, Upstate South Carolina is the ten counties in the north-western corner of South Carolina. Over the past 20 years, this region has experienced an almost 30% growth rate, and investments in such growth industries as advanced materials, automotive, biosciences and energy are continuing to move the region forward at a record pace. CNBC ranks the South Carolina workforce as the 5th best in the nation, based on quality and availability of workers and workforce training. This comes as no surprise as the 10-county Up-state encompasses a population of more than 1.37 million and has grown at a rate of 10% since 2000. South Carolina is also aright-to-work state and has one of the lowest unionization rates in the nation. Many of our workers have specialized skills, including a high concentration of architectural and engineering talent, mechatronic specialists, team assemblers and metal workers, and machinists and fabricators. Many headquarters are also located here, employing more than 11,000. Our highly skilled workforce is due in large part to the 23 colleges and universities in the region - including world-renowned Clemson University - as well as our long-established technical col-lege system and nationally recognized state workforce training programs, readySC and Appren-ticeship Carolina.
23
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
By Land
• Interstates 85 and 26 span the Upstate and
provide quick access to major markets
and the Port of Charleston
• SC has the 4th largest state-maintained
highway system
• CSX and Norfolk Southern provide Class-
I rail service to the area in addition to
short-line services
By Air
• Greenville-Spartanburg International
Airport provides convenient air access
• 12 general aviation facilities are located
across the region
• Major airports in Charlotte and Atlanta
are only a few hours away
By Sea
• Port of Charleston is located 3 hours from
the Upstate
• Inland Port opened in 2013 provide direct
rail connection to the Port
Marketing Package
Infrastructure One of the Upstate South Carolina's top assets is its ability to efficiently move people, goods and services. The region has excellent interstate highways, convenient rail services, and both commercial and private air connectivity. In addition, power and water capacity are plentiful, and the Upstate's electric rates are among the lowest in the nation.
Lifestyle
Many are drawn to the Upstate by a cost of living that is around 10 percent lower than the na-tional average. Once here, they are blown away to discover that just because most things cost less doesn't mean there's less of it. Housing is plentiful and relatively affordable, and top-quality healthcare easy to access. The Upstate has as much to offer after work hours as during. With an active nightlife and a wide range of cultural activities from Broadway musicals to college football, there's always something to do. And the Upstate's many lakes and mountains offer an impressive choice of recreational activities, including hiking, boating, and golfing.
Information courtesy of Upstate Alliance
24
Phone: 864-376-3384
Email: Chris.UpstateCommercial
Group@gmail.com
2508 N. Main St
Suite M
Anderson, SC 29621 Upstate Commercial Group
Marketing Package
About
Upstate Commercial Group:
WWW.UPSTATECOMMERCIALGROUP.COM
Contact Broker for More Information:
Chris Merlo
864-376-3384
Chris.UpstateCommercialGroup@gmail.com
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