Map of Property

2-Unit Filtration Group Portfolio

For Sale

600 Railroad Avenue, York, SC 29745

This York property for sale is located at 600 Railroad Avenue. The current listed sale price for 2-Unit Filtration Group Portfolio is $7,850,000.

Contacts

broker

Simon Jonna

Colliers Birmingham (MI) - Jonna Group

(248) 226-1610

Property Details

  • Property Type Industrial - Manufacturing
  • Property Size 129,785 SF
  • Units 2
  • Property Tenancy Single Tenant
  • Date Updated Jan 20, 2024
  • HVAC None
York, SCJonna Group of Colliers International is pleased to present the opportunity to acquire a portfolio of two Industrial Properties leased to Filtration Group, LLC. Filtration Group guarantees both leases and carries a “B” rating from Standard & Poor’s. Filtration Group has more than 7,200 employees across 28 countries, with an annual revenue of over $1.5 Billion. Filtration Group is a leading manufacturer of filtration products, science tools, fiber and foam material development, and industrial technologies, including hydraulic filters. The two properties comprise a total of nearly 130,000 square feet on over 12 acres. Filtration Group leases and occupies the full 49,614 SF at the York, SC location. BMS Logistics, Inc. operates under a sublease at the St. Joseph, MO location. BMS Logistics, Inc. has operated at this location since July of 2016 and their sublease extends into 2024. This offering provides potential buyers with attractive returns and rent increases to hedge against inflation. In addition, there are 6+ years of term remaining and guaranteed by a strong, essential, credit-rated tenant, ensuring reliable returns. The portfolio is also located in exceptional industrial markets outside of the Charlotte and Kansas City MSA’s, strengthening lease renewal potential or retenanting potential.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • 6.09% CAP Rate
  • Strategically Located Near Major MSAs and in Strong Industrial Neighborhoods
  • Filtration Group Guarantees Both Leases and Carries a S&P “B” Rating
  • Filtration Group is a Leading Manufacturer of Filtration Products with an Annual Revenue exceeding $1.5 Billion
  • Strong Hedge Against Inflation with Annual Increases in Rent
  • Over 6 Years of Lease Term Remain with Two 10-Year Options to Extend
  • Lease is Absolute NNN - There are zero Landlord Responsibilities

Getting around

  • 8/100

    Walk Score ®

  • 18/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City York, SC
  • Zip Code 29745
  • Market Charlotte

Points of Interest

  • BP

    0.31 miles

  • Southern Star

    1.03 miles

  • Shell

    1.19 miles

  • Shell

    1.19 miles

  • Marathon

    1.52 miles

  • Marathon

    2.22 miles

  • Speed Express

    7.83 miles

  • Murphy Express

    8.66 miles

  • Circle K

    8.84 miles

  • Marathon

    8.99 miles

  • Jasmine Cafe & Gifts

    0.88 miles

  • The Coal Yard Restaurant & Lounge

    0.88 miles

  • L'Cees Grill & Ice Cream

    0.96 miles

  • Burger King

    1.04 miles

  • KFC

    1.06 miles

  • Rey Azteca

    1.22 miles

  • Huddle House

    1.26 miles

  • Zaxby's

    1.48 miles

  • Domino's

    1.50 miles

  • Bojangles'

    1.58 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Simon Jonna

Colliers Birmingham (MI) - Jonna Group

(248) 226-1610